9911796707
TMI Blog670/CBDT.X X X X Extracts X X X X X X X X Extracts X X X X ..... n the Assessing Officers the need for properly recording their reasons in cases where they do not consider necessary to initiate penal action for ostensible under the provisions the direct taxes enactments. 2. Attention is invited to Instructions No. 68 dated 4-7-1969; No. 354 dated 11-12-1971 and No. 394 dated 17-3-1972 in which the Board have already directed that where the Wealth-tax Officer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... u/s 60(1) (a) of the Estate Duty Act for belated delivery of Estate Duty account. 3. In cases where any assessment attracts the provisions of Explanation 1 to section 18(1) of the Wealth-tax Act or provisions of Section 17(1)(c) of Gift-tax Act and where penal action u/s 18(1) (c) of Wealth-tax Act or section 17(1) (c) of the Gift-tax is not initiated, similar action as detailed above should be ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
