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

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....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 where objection is accepted. The same is reproduced hereunder: "Actio....

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....e 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 decide if the order with respect to which objection is raised, warrants revision u/s 263 of the IT A....