Tag Archives: Circular No. 40/2016 of Income tax

No reopening of case u/s 147 due to increased sales in FY 2016-17 : CBDT Circular

By | December 11, 2016

Circular No. 40/2016 Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New Delhi, the 9th of December, 2016 Subject: – Directions under section 119 of the Income-tax Act, 1961-regd.- Recent initiatives of the Government to curb the black economy in the country has encouraged people to shift towards digital mode of… Read More »