Procedure for remedial action in cases where Revenue Audit Objection is accepted

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.... Dated: 16.02.2023 To, All the Pr. Chief Commissioners of Income Tax, All the Pr. Director General of Income Tax (Investigation) Sub: Procedure for remedial action in cases where Revenue Audit Objection is accepted - reg. Kind attention is invited to the process prescribed in para 5.3 to 5.6 of Board's Instruction no. 7/2017 dated 21.07.2017 for objections raised by Revenue Audit wh....

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.... 5.6 The remedial action in case of accepted audit objection shall be initiated within three months and shall he completed within further period of six months from initiation, The objection shall he treated as settled once the intimation of completion of remedial action and issue of demand notice is given to concerned CAG officer." 2. Thus, the prescribed procedure requires the PCIT to....