https://www.taxtmi.com/acts?id=51819 Assessing Officers may refer cases where an arrangement appears to be an impermissible avoidance arrangement to the Principal Commissioner or Commissioner, who must notify and hear the assessee and may either direct consequences or, if unconvinced, refer the matter to an Approving Panel. The Approving Panel may declare the arrangement impermissible, specify applicable tax years, order further inquiries or records, and issue binding directions that the Assessing Officer must implement; such panel directions are final and not appealable under the Act. en-us Thu, 14 Aug 2025 17:22:09 +0530 Wed, 03 Sep 2025 16:19:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51819 Assessing Officers may refer cases where an arrangement appears to be an impermissible avoidance arrangement to the Principal Commissioner or Commissioner, who must notify and hear the assessee and may either direct consequences or, if unconvinced, refer the matter to an Approving Panel. The Approving Panel may declare the arrangement impermissible, specify applicable tax years, order further inquiries or records, and issue binding directions that the Assessing Officer must implement; such panel directions are final and not appealable under the Act. Act-Rules Income Tax Thu, 14 Aug 2025 17:22:09 +0530 https://www.taxtmi.com/acts?id=51819