https://www.taxtmi.com/circulars?id=9361 An internal Board instruction requires that in withholding tax orders the assessing officer must clearly state the basis for any estimate of taxable income; the Appellate Tribunal found orders defective when no basis was given, and the Board directed ITOs to record and disclose the factual and arithmetic basis for estimates so determinations can withstand appellate scrutiny. en-us Tue, 09 Sep 1980 00:00:00 +0530 Sat, 04 Jun 2011 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9361 An internal Board instruction requires that in withholding tax orders the assessing officer must clearly state the basis for any estimate of taxable income; the Appellate Tribunal found orders defective when no basis was given, and the Board directed ITOs to record and disclose the factual and arithmetic basis for estimates so determinations can withstand appellate scrutiny. Circulars Income Tax Tue, 09 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9361