https://www.taxtmi.com/circulars?id=66230 When a Revenue Audit objection is accepted the Principal Chief Commissioner must decide if the order requires revision under section 263 and, if so, call for records and initiate revision; if not, the Assessing Officer must, by independent application of mind, examine each case and take suitable remedial action. If the AO opts for rectification under section 154, initiation requires Range head approval. Remedial action must be initiated and completed within prescribed short timelines, and the objection is treated as settled once completion is intimated and any demand notice issued. en-us Thu, 16 Feb 2023 00:00:00 +0530 Sat, 11 Mar 2023 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66230 When a Revenue Audit objection is accepted the Principal Chief Commissioner must decide if the order requires revision under section 263 and, if so, call for records and initiate revision; if not, the Assessing Officer must, by independent application of mind, examine each case and take suitable remedial action. If the AO opts for rectification under section 154, initiation requires Range head approval. Remedial action must be initiated and completed within prescribed short timelines, and the objection is treated as settled once completion is intimated and any demand notice issued. Circulars Income Tax Thu, 16 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66230