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    <title>Form for making reference to the Approving Panel under sub-section (4) of section 144BA of the Income-tax Act, 1961</title>
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    <description>Once the commissioner, after considering the assessee&#039;s explanation and relevant facts, is satisfied that an arrangement is an impermissible avoidance arrangement, that satisfaction must be recorded in the prescribed satisfaction form and a formal reference made to the Approving Panel by written request identifying the assessee and the earlier referral from the Assessing Officer.</description>
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