The CBDT, vide Instruction F. No.225/40/2021/ITA-II, dated 04-03-2021, has listed down categories of cases which shall be considered as ‘potential cases’ for reassessment. Now, the board has issued certain clarifications to remove any ambiguity while following instruction. It has been clarified that ‘potential case’ shall mean cases flagged by the DIT (System) subsequent to 04-03-2021 and cases flagged earlier will be subsumed in the new listThe CBDT, vide Instruction F. No.225/40/2021/ITA-II, dated 04-03-2021, has listed down categories of cases which shall be considered as ‘potential cases’ for reassessment. Now, the board has issued certain clarifications to remove any ambiguity while following instruction. It has been clarified that ‘potential case’ shall mean cases flagged by the DIT (System) subsequent to 04-03-2021 and cases flagged earlier will be subsumed in the new listtaxmann.com Latest Statutory HappeningsRead More
