Audit objection procedure: require focused, timely examination, explanations, and remedial measures for significant revenue-impacting mistakes. The instruction shifts emphasis to early, objective examination of audit objections and requires retaining ledger cards while obtaining ITO explanations where Audit reports mistakes involving revenue of Rs. 10,000 or more in Income-tax or Rs. 1,000 or more in other taxes caused by failure to follow departmental instructions, failure to follow binding judicial decisions, or palpable mistakes from gross negligence or mala fide action. Explanations are also mandatory where the ITO fails to take timely, adequate remedial action on audit objections causing irretrievable 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.
Audit objection procedure: require focused, timely examination, explanations, and remedial measures for significant revenue-impacting mistakes.
The instruction shifts emphasis to early, objective examination of audit objections and requires retaining ledger cards while obtaining ITO explanations where Audit reports mistakes involving revenue of Rs. 10,000 or more in Income-tax or Rs. 1,000 or more in other taxes caused by failure to follow departmental instructions, failure to follow binding judicial decisions, or palpable mistakes from gross negligence or mala fide action. Explanations are also mandatory where the ITO fails to take timely, adequate remedial action on audit objections causing irretrievable revenue loss.
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