Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Direct Tax »
Open DEMAT Account in 24 hrs
 Net direct tax collection grow 7% as refunds fall sharply
 GSTR-3B deadline expired: File now to avoid input tax credit loss, GST registration cancellation
 ITR Filing: Income tax department shortens time limit for condonation of delay What it means for taxpayers
 CBDT launches campaign to intimate taxpayers on undeclared foreign assets in ITR
 ITR AY2024-25: CBDT launches campaign for taxpayers to report income from foreign sources
  CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024
 CBDT weighs overhaul of designations for income tax officials to secure better clarity
 Direct tax-GDP ratio at millennial high in FY24
 CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024
 Tax filing: How to choose the right ITR form
 Income Tax Return: How to maximise your tax refunds while filing ITR?

CBDT modifies steps for dealing with remedial action on revenue audit objections
March, 18th 2016

The Central Board of Direct Taxes (CBDT) on Thursday decided to modify the existing instruction for dealing with remedial action on revenue audit objections that are not accepted by the income tax department.

In a circular issued on Thursday, the CBDT said that it has deleted paragraphs four and five of Instruction No. of 2006, which inter-alia mandates the initiation of remedial action in case the revenue audit objection.

The CBDT further said that it has considered the effect of such remedial action and its ultimate fate in appeal and replacing them with fresh guidelines and procedures for dealing with such objections.

It said in a statement that the modified instruction will avoid creation of un-collectible demand and reduce litigation with the assessee in such cases where the income tax department itself finds the revenue audit objection not acceptable.

It said that this is another step by the government in creating a non-adversarial tax regime.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting