Surtax assessment priority: require immediate notices and contemporaneous finalisation with income tax assessments to cut pendency. Commissioners must eliminate delay in Surtax assessments by requiring ITOs in company circles to examine returns promptly for Surtax applicability and issue notices under section 5(2) within one month; re examine applicability when substantial additions arise; complete Surtax proceedings contemporaneously with income tax assessments so Surtax finalisation follows immediately after IT assessment (appeals on additions are not a reason to defer); and examine and issue penalty notices with assessment orders where defaults are found.
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Provisions expressly mentioned in the judgment/order text.
Surtax assessment priority: require immediate notices and contemporaneous finalisation with income tax assessments to cut pendency.
Commissioners must eliminate delay in Surtax assessments by requiring ITOs in company circles to examine returns promptly for Surtax applicability and issue notices under section 5(2) within one month; re examine applicability when substantial additions arise; complete Surtax proceedings contemporaneously with income tax assessments so Surtax finalisation follows immediately after IT assessment (appeals on additions are not a reason to defer); and examine and issue penalty notices with assessment orders where defaults are found.
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