"16 January 1991" Archive

Circular No. 589-Income tax dated 16-1-1991

Circular No. 589-Income tax (16/01/1991)

Circular No. 589-Income tax 1. Reference is invited to Board’s Circular No. 530 [F. No. 404/82/88-ITCC], dated March 6, 1989 regarding the above-mentioned subject. 2. According to paragraph 2 of the said Circular, the Assessing Officer is, in the two situations referred to in that paragraph, bound to treat the assessee as not in defaul...

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