The Central Board of Direct Taxes (CBDT), guided by a Supreme Court (SC) order issued in April, has sent out comprehensive instructions to tax officials regarding reopening of past cases under the Income-tax (I-T) Act. The instructions dated August 23 — aimed at ensuring a uniform practice — state that there will be no reopening and reassessment of completed cases only where the decision of the appellate authorities has become final.
from Times of India https://ift.tt/DgfqMnb
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