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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>CBDT Circular Allows Partial Write-Off for Irrecoverable Tax Arrears; Commissioners Can Write Off Under Rs. 10 Lakhs.</h1> The circular from the Central Board of Direct Taxes (CBDT), dated July 20, 1974, addresses the procedure for writing off irrecoverable income tax arrears. It states that if more than 25% of the total outstanding demand cannot be recovered, only the recoverable portion should remain on the register, with the rest written off. The Board has approved partial write-offs in numerous cases. Commissioners of Income-tax are authorized to write off arrears under Rs. 10 lakhs if the Zonal or Local Committee deems them irrecoverable. This procedure also applies to cases involving Muslim Evacuees, where arrears are separately recorded.
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