If CIT Rejects Audit Objection No Remedial Action or Appeal Needed Now !

This is a big reform for hapless tax payers . But the change in rule to handle the audit objection will also provide smiles on face of revenue officials who usually rejects 90 % auidt objection. It is also a fact , telling from experiance , that the aucit objections are raised by people who are not dealing with tax laws at field level , yet they become the ultinmate decider of the right of wrongs on a tax assessment.