https://www.taxtmi.com/circulars?id=10460 Remedial action must be initiated for all Revenue Audit objections as a precautionary revenue measure, and completed expeditiously where objections are accepted. Discontinuance is permissible by the Commissioner for incorrect factual objections, but issues of statutory interpretation or conflicting High Court decisions require prior Board approval with a reference to A&PAC and the Statement of Facts. Cases compliant with Board instructions should be referred to the Board for decision, and Board-directed remedial actions require a compliance report within three months. en-us Mon, 07 Aug 1995 00:00:00 +0530 Tue, 14 Jun 2011 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10460 Remedial action must be initiated for all Revenue Audit objections as a precautionary revenue measure, and completed expeditiously where objections are accepted. Discontinuance is permissible by the Commissioner for incorrect factual objections, but issues of statutory interpretation or conflicting High Court decisions require prior Board approval with a reference to A&PAC and the Statement of Facts. Cases compliant with Board instructions should be referred to the Board for decision, and Board-directed remedial actions require a compliance report within three months. Circulars Income Tax Mon, 07 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10460