https://www.taxtmi.com/circulars?id=9728 Section 271(4A) does not allow assessments or tax levies based on assurances between an assessee and Commissioners; Commissioners may give advisory guidance to Income-tax Officers under section 119(3) pending amendment, but such guidance is non-binding and subordinate officers must exercise independent judgment, may adopt the reasoning but should avoid quoting the advice in formal orders; voluntary disclosure determinations for penalty relief are to be judged by reference to factual replies and criteria in the cited Instruction. en-us Thu, 13 Feb 1986 00:00:00 +0530 Wed, 08 Jun 2011 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9728 Section 271(4A) does not allow assessments or tax levies based on assurances between an assessee and Commissioners; Commissioners may give advisory guidance to Income-tax Officers under section 119(3) pending amendment, but such guidance is non-binding and subordinate officers must exercise independent judgment, may adopt the reasoning but should avoid quoting the advice in formal orders; voluntary disclosure determinations for penalty relief are to be judged by reference to factual replies and criteria in the cited Instruction. Circulars Income Tax Thu, 13 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9728