https://www.taxtmi.com/circulars?id=9827 Where a scheduled bank's interest-tax liability is reduced on appeal, revision or other proceeding under the Interest Tax Act, the assessing officer must immediately revise the corresponding income-tax assessment for the relevant year to adjust the deduction previously allowed, and report reviewed cases and additional tax demanded to the Board; future appellate adjustments must be implemented simultaneously and compliance monitored by Deputy Commissioners and Internal Audit. en-us Fri, 20 Jan 1989 00:00:00 +0530 Thu, 09 Jun 2011 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9827 Where a scheduled bank's interest-tax liability is reduced on appeal, revision or other proceeding under the Interest Tax Act, the assessing officer must immediately revise the corresponding income-tax assessment for the relevant year to adjust the deduction previously allowed, and report reviewed cases and additional tax demanded to the Board; future appellate adjustments must be implemented simultaneously and compliance monitored by Deputy Commissioners and Internal Audit. Circulars Income Tax Fri, 20 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9827