Re-open Assessments For Assessment Years 2015-16 To 2018-19: CBDT Asks Tax Officers

By issuing a circular, the CBDT has asked tax officials to re-open assessments under section 148 of the Income Tax Act 1961 for the assessment years 2015-16 to 2018-19.

“It is directed that the information pertaining to assessment year 2015-16 and assessment year 2018-19, which requires action under Section 148 of the Income Tax Act shall be identified and uploaded on the Insight portal only as per the provisions of section 149(1)(b) of the Act. The exercise of identifying and uploading the information along with the underlying documents in the above categories of cases must be completed by 20 December 2021,”, the CBDT said in the circular.