Income Tax Last date 31.05.2023 I Assessment I New Instructions I CA Satbir Singh

By | January 29, 2023
(Last Updated On: January 29, 2023)

Income Tax Last date 31.05.2023 I Assessment I New Instructions I CA Satbir Singh

The Office of the Principal Chief Commissioner of Income Tax has issued a Letter vide F.No. Pr. CCIT/KNP/DCIT(T&J)/5(31)/2022-23 dated January 27, 2023 in order to direct all the Assessing Officers to complete re-assessment of all cases by May 31, 2023, where proceedings were re-opened under section 147/148A of the Income Tax Act, 1961 (“the IT Act”) in consonance with the Judgement of Hon’ble Supreme Court of India in the Uol vs. Ashish Agarwal and Ors. [2022 SCC Online SC 543] and CBDT instruction No. 01/2022 dated May 11, 2022.

Kindly refer to the above and the video conference held on January 24, 2023 in the Chairmanship of Hon’ble Chairperson, CBDT, New Delhi.

In this regard, I have been directed to convey that in the above referred video conference, the Hon’ble Chairperson, CBDT, New Delhi has directed that the cases reopened u/s 147/148A of the Income Tax Act, 1961 in consonance with the Judgement of Hon’ble Supreme Court of India in civil appeal No. 3005/2022 in the case of Uol vs. Ashish Agarwal and ors. (2022 SCC Online SC 543) and CBDT instruction No. 01/2022 dated May 11, 2022 shall be completed on or before May 31, 2023.

Leave a Reply

Your email address will not be published.