https://www.taxtmi.com/circulars?id=10502 Amendments removed the statutory option to offer a lower profit than presumptive profits for the assessment year 1997-98, creating an anomaly; the Board will consider remedial measures. Meanwhile, assessments for that year may be kept pending and any additional demand arising solely from denial of that option should not be enforced until 31.3.1999. en-us Thu, 19 Nov 1998 00:00:00 +0530 Tue, 14 Jun 2011 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10502 Amendments removed the statutory option to offer a lower profit than presumptive profits for the assessment year 1997-98, creating an anomaly; the Board will consider remedial measures. Meanwhile, assessments for that year may be kept pending and any additional demand arising solely from denial of that option should not be enforced until 31.3.1999. Circulars Income Tax Thu, 19 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10502