Budget: If taxpayer unresponsive, Commissioner can set aside assessment order for fresh assessment. Time limit for disposal of such cases amended.

Budget: If taxpayer unresponsive, Commissioner can set aside assessment order for fresh assessment. Time limit for disposal of such cases amended. https://www.taxtmi.com/highlights?id=79852 Income Tax: In best judgment cases where taxpayers remain unresponsive to the Faceless Assessing Officer, the Commissioner (Appeals) shall be empowered to set aside the assessment order and refer the case back to the Assessing Officer for fresh assessment. Consequential amendment in section 153(3) provides the time limit for disposal of cases set aside by the Commissioner (Appeals). This amendment takes effect from October 1, 2024, applicable to appellate orders passed by the Commissioner (Appeals) on or after that date. en-us Sun, 28 Jul 2024 12:38:10 +0530 Sun, 28 Jul 2024 12:38:10 +0530 TaxTMI RSS Generator Budget: If taxpayer unresponsive, Commissioner can set aside assessment order for fresh assessment. Time limit for disposal of such cases amended. https://www.taxtmi.com/highlights?id=79852 Income Tax: In best judgment cases where taxpayers remain unresponsive to the Faceless Assessing Officer, the Commissioner (Appeals) shall be empowered to set aside the assessment order and refer the case back to the Assessing Officer for fresh assessment. Consequential amendment in section 153(3) provides the time limit for disposal of cases set aside by the Commissioner (Appeals). This amendment takes effect from October 1, 2024, applicable to appellate orders passed by the Commissioner (Appeals) on or after that date. Highlights Bill Sun, 28 Jul 2024 12:38:10 +0530 https://www.taxtmi.com/highlights?id=79852