Provisional assessments u/s.7 of Companies (Profits) Surtax Act, 1964.

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....d even in cases where the completion of regular assessments are likely to take a long time. As you are aware the provisional assessments under the said Act can be completed even without the returns of chargeable profits having been furnished by the assessee companies at any time after the expiry of the period allowed under sub-section 1 or sub-section 2 of section 5 for furnishing the returns. 2.....