Statutory procedure for audit objections: invoke specified surtax, wealth tax and gift tax provisions to ensure enforceable orders. When remedial action is contemplated to give effect to audit objections in contentious cases, officers should, where applicable, invoke the specific statutory mechanisms of section 16 of the Surtax Act, section 25(2) of the Wealth-tax Act, and section 24(2) of the Gift-tax Act rather than resorting to broader remedial provisions that risk reversal on appeal; this direction aims to avoid wasted effort and potential revenue loss.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Statutory procedure for audit objections: invoke specified surtax, wealth tax and gift tax provisions to ensure enforceable orders.
When remedial action is contemplated to give effect to audit objections in contentious cases, officers should, where applicable, invoke the specific statutory mechanisms of section 16 of the Surtax Act, section 25(2) of the Wealth-tax Act, and section 24(2) of the Gift-tax Act rather than resorting to broader remedial provisions that risk reversal on appeal; this direction aims to avoid wasted effort and potential revenue loss.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
