The new section reduces the time limit of reopening from 1.4.2021

Also limits the power of AO base on the risk profiling system

To avoid the possibility of the haphazard reopening of cases by March 2021

CBDT’s new circular instructs a list of the potential case for 148 – till AY 1718

No other cases shall be considered for action u/s 148

Circular reminds AO to form reasons to believe as a mandatory condition

New circular not for International or central charge

Instruction dated 4.3.2021 bearing F.No. 225/40/2021/ITA-II,