https://www.taxtmi.com/circulars?id=10214 When remedial action is contemplated to give effect to audit objections in contentious cases, officers should, where applicable, invoke the specific statutory mechanisms of section 16 of the Surtax Act, section 25(2) of the Wealth-tax Act, and section 24(2) of the Gift-tax Act rather than resorting to broader remedial provisions that risk reversal on appeal; this direction aims to avoid wasted effort and potential revenue loss. en-us Sat, 20 Jul 1974 00:00:00 +0530 Sat, 11 Jun 2011 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10214 When remedial action is contemplated to give effect to audit objections in contentious cases, officers should, where applicable, invoke the specific statutory mechanisms of section 16 of the Surtax Act, section 25(2) of the Wealth-tax Act, and section 24(2) of the Gift-tax Act rather than resorting to broader remedial provisions that risk reversal on appeal; this direction aims to avoid wasted effort and potential revenue loss. Circulars Income Tax Sat, 20 Jul 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10214