Revision of advance tax demand u/s.210(3) of Income Tax Act. - Income Tax - 1236/CBDT

INSTRUCTION NO. 1236/CBDT Dated : February 8, 1979 Section(s) Referred: 210(1) Statute: Income - Tax Act, 1961 Reference is invited to Board's instruction No.1209(F.No.400/59/78-ITCC) dated 7th October 1978 requiring the issue of advance tax notices before 15-11-78 in respect of all persons who were liable to advance tax but who may not have filed the statements/estimates u/s.209A of the I.T.Act within the required time. 2. It may be that due to the completion of assessment for the subsequent year or otherwise the advance tax notices issued u/s.210(1) may require upward revision under section 210(3) in cases where advance tax notices were issued either because the assessees did not file the statements/estimates u/s.209 A or because the first instalment fell due on 15th June, 1978 and the advance tax notices were issued in accordance with sri.I.P.Gupta's D.O.F.No.307/38/78-IT(B) dated 25-5-78. 3. In all such cases urgent action may kindly be taken for revising the advance tax demand upward u/s.210(3) of the I.T.Act and service of the requisite notices before 28th February, 1979.