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of <h1>Income Tax Dept Urged to Cut Audit Backlog by 50% by Aug 1973; Streamlined Procedures and Resources Needed.</h1> The document addresses the significant backlog of Revenue and Internal Audit objections within the Income Tax Department as of June 1973. It mandates urgent action to reduce this backlog, specifying a reduction target of 10%, 20%, and 50% for June, July, and August 1973, respectively. For Revenue Audit objections, a four-month settlement timeframe is emphasized, with instructions to treat objections as settled upon rectificatory action. Internal Audit objections, totaling 96,155 with a revenue impact of Rs.31.47 crores, require rectification within three months. The document stresses increased departmental audit resources and streamlined procedures to achieve these objectives before the next Public Accounts Committee meeting.
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