Streamlining of assessment of share brokers.

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Full Text of the Document

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....ents. From the information collected so far from certain selected Chief Commissioners of Incometax regarding the assessments of share brokers in their regions the following facts are noticed: i) all share brokers are not filing Incometax returns; ii) in all cases where returns were not filed notices u/s.142(1) are not being issued; iii) cases where subsequent returns are not being filed, are no....