https://www.taxtmi.com/circulars?id=10272 The Board mandates that notices under section 139(2) be issued in the financial year following registration to bring newly registered companies onto Income-tax Department records and secure assessments; names of companies not undertaking business or incurring losses may be struck off. Commissioners must tally unassessed companies for 1969-70 to 1973-74, direct initiation of assessment proceedings in liable cases before the compliance date, and submit a report detailing initiated proceedings and reasons for non-initiation by the reporting deadline. en-us Wed, 06 Nov 1974 00:00:00 +0530 Mon, 13 Jun 2011 13:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10272 The Board mandates that notices under section 139(2) be issued in the financial year following registration to bring newly registered companies onto Income-tax Department records and secure assessments; names of companies not undertaking business or incurring losses may be struck off. Commissioners must tally unassessed companies for 1969-70 to 1973-74, direct initiation of assessment proceedings in liable cases before the compliance date, and submit a report detailing initiated proceedings and reasons for non-initiation by the reporting deadline. Circulars Income Tax Wed, 06 Nov 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10272