Cancellation of an agreement

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Full Text of the Document

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.... (b) the assessee has failed to file the annual compliance report in time; or (c) the annual compliance report furnished by the assessee contains material errors; or (d) the agreement is to be cancelled under rule 115(4) or rule 117(7). (2) The Board shall give a reasonable opportunity of being heard to the assessee, before proceeding to cancel an application. (3) The co....