https://www.taxtmi.com/circulars?id=9350 An ITO's approval to change an assessee's previous year from the financial year to the calendar year extended the previous year and removed the valuation date for the subsequent assessment year, producing substantial loss of wealth tax revenue; the Board directs that officers must consider potential wealth tax revenue loss before allowing any change in the previous year and circulate this guidance to subordinate officers. en-us Mon, 21 Jul 1980 00:00:00 +0530 Sat, 04 Jun 2011 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9350 An ITO's approval to change an assessee's previous year from the financial year to the calendar year extended the previous year and removed the valuation date for the subsequent assessment year, producing substantial loss of wealth tax revenue; the Board directs that officers must consider potential wealth tax revenue loss before allowing any change in the previous year and circulate this guidance to subordinate officers. Circulars Income Tax Mon, 21 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9350