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Monetary limit for the assessment u/s 143(3).

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Full Text of the Document

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....0,000 (Rs.15,000 for the cities of Bombay and Calcutta) referred to in para 2 of the said circular is raised to Rs. 15,000(Rs.20,000 for the cities of Bombay and Calcutta). These limits will also apply to partners cases referred to in para 2(d) of the above mentioned circular. ii) As referred to in para 6(4) of the said circular 10% of the cases with business income between Rs.7,500 and 20,000 to....