Unrealistic over-assessments made by assessing officers under various direct tax Acts.

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....) dated the 1st February, 1972 and the earlier instructions cited therein. 2. Instances continue to come to the notice of the Board about unrealistic over-assessments made by assessing officers under various direct tax Acts. This causes unnecessary hardship to the assessees and tarnishes the image of the Department; there is avoidable litigation and recovery problems arise in respect of the con....