A tally was attempted of the companies registered with the Register of Companies from 1st April, 1969 to 31st March, 1974 with those on the record of the Income-tax Department.
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Reconciliation of company registrations to identify firms not on tax records and mandate reporting and annual checks. The Board instructed that an Inspector be sent to the Register of Companies with Departmental lists to identify companies on the Registrar's records but absent from the Income-tax Department's records, to enquire into those cases and send a complete tally with reasons by the specified deadline; it also mandated annual reconciliation for companies registered in each preceding financial year to ensure timely inclusion on Departmental records.
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Reconciliation of company registrations to identify firms not on tax records and mandate reporting and annual checks.
The Board instructed that an Inspector be sent to the Register of Companies with Departmental lists to identify companies on the Registrar's records but absent from the Income-tax Department's records, to enquire into those cases and send a complete tally with reasons by the specified deadline; it also mandated annual reconciliation for companies registered in each preceding financial year to ensure timely inclusion on Departmental records.
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