Disposal of assessments under Super Profits Tax Act and Surtax Act. - Income Tax - 476/CBDT

INSTRUCTION NO. 476/CBDT November 16, 1972 Board has viewed with concern the pendency of assessments under the Super Profits Tax Act, 1964. Super Profits Tax Act, 1963 was in force only for assessment year 1963-64. There can be no reason why any case under that Act should still be pending. Board has desired that all the pending assessments under the Super Profits Tax Act, 1963 must be completed by 31st March, 1973. 2. No time limit has been prescribed under the Sur-tax Act, 1964 for completion of assessments. 3. Necessary instructions may please be issued to I.T. Officers to adhere to the dates indicated above for disposal of assessments under the Super Profits Tax Act and the Surtax Act.