Income Tax: In best judgment cases where taxpayers remain ...

Budget: If taxpayer unresponsive, Commissioner can set aside assessment order for fresh assessment. Time limit for disposal of such cases amended.

Notes Bill

July 28, 2024

Income Tax: In best judgment cases where taxpayers remain unresponsive to the Faceless Assessing Officer, the Commissioner (Appeals) shall be empowered to set aside the assessment order and refer the case back to the Assessing Officer for fresh assessment. Consequential amendment in section 153(3) provides the time limit for disposal of cases set aside by the Commissioner (Appeals). This amendment takes effect from October 1, 2024, applicable to appellate orders passed by the Commissioner (Appeals) on or after that date.

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Income Tax: In best judgment cases where taxpayers remain ...

Budget: If taxpayer unresponsive, Commissioner can set aside assessment order for fresh assessment. Time limit for disposal of such cases amended.

Notes Bill

July 28, 2024

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