Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Revised Instruction 16/2013 mandates internal audits before revenue audits, updates major audit objections, effective Nov 15, 2013.</h1> The revised Instruction No. 16/2013 addresses concerns over delays in settling audit objections in the income tax sector. It mandates that internal audits precede revenue audits and enhances the roles of supervisory authorities and CIT (Audit). CCIT/DGIT must review regional audit objection settlements monthly, and CsIT/DsIT are tasked with ensuring internal audits are completed before revenue audits. CIT (Audit) must maintain records of audit objections and facilitate quarterly meetings with C&AG. The definition of major audit objections is updated to a revenue effect of Rs. 2,00,000 or more. The instruction is effective from November 15, 2013.
TaxTMI 
TaxTMI 
