Board’s authorisation for taking action under section 154 beyond time limit specified under section 154(7) in cases of protective assessments requiring to be cancelled – Order under section 119(2)(b)
Circular : No.71 [F.No. 246/25/71-A & PAC], dated 20-12-1971.
A copy of the order dated 20-12-1971 passed by the Board on the subject is enclosed for information and guidance.
ANNEX – ORDER REFERRED TO IN CLARIFICATION
1. Where the same income was assessed, as a protective measure, in the hands or more than one assessee or as the income of more than one assessment year, and one or more of these protective assessments needs