https://www.taxtmi.com/circulars?id=10416 The Supreme Court validation of the Wealth-tax Act's extension to Jammu & Kashmir permits completion of assessments and recovery of outstanding demands; the Board directs phased recovery or instalments to avoid hardship, liberal write-off for small or untraceable demands, waiver of interest for the inter-judgment period, cancellation or reduction of penalties for defaults in that period by Commissioners using remission powers, and non-imposition of penalties in pending proceedings for defaults within the specified interval. en-us Thu, 17 Jun 1993 00:00:00 +0530 Mon, 13 Jun 2011 19:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10416 The Supreme Court validation of the Wealth-tax Act's extension to Jammu & Kashmir permits completion of assessments and recovery of outstanding demands; the Board directs phased recovery or instalments to avoid hardship, liberal write-off for small or untraceable demands, waiver of interest for the inter-judgment period, cancellation or reduction of penalties for defaults in that period by Commissioners using remission powers, and non-imposition of penalties in pending proceedings for defaults within the specified interval. Circulars Income Tax Thu, 17 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10416