CBDT gives relief, but I-T dept may reopen big old cases{br} https://ift.tt/aF6Myes

The Central Board of Direct Taxes (CBDT), guided by a Supreme Court (SC) order issued in April, has sent out comprehensive instructions to tax officials regarding reopening of past cases under the Income-tax (I-T) Act. The instructions dated August 23 — aimed at ensuring a uniform practice — state that there will be no reopening and reassessment of completed cases only where the decision of the appellate authorities has become final.

from Times of India https://ift.tt/Ychkwns