CBDT: Releases SOP for dealing with 'demonetisation' related cases where Sec. 142(1) notices remained non-complied

Mar 06,2019

CBDT issues SOP to senior IRS officers for handling of cases related to substantial cash deposit during demonetisation period in which Sec.142(1) notices have remained non-complied with; Highlights that in around 87,000 cases, assessees concerned have not filed return of income in response to Sec. 142(1) notice; In this regard, lays down 7 pointer guidance, directs AO to proceed with completion of 'best judgement assessment' u/s.144; Also stresses on invocation of...

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