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of <h1>Income Tax Audit Process Enhanced: New ITBA Portal for Efficient Objection Handling and Accountability per Instruction No. 7/2017.</h1> Instruction No. 7/2017, dated July 21, 2017, supersedes previous instructions to enhance the efficiency of handling income tax audit objections. It aims to streamline the audit process by leveraging the Income-tax Business Application (ITBA) and a new web-based portal for monitoring audit workflows and accountability. The instruction outlines a detailed procedure for managing audit objections, including categorization, response timelines, and remedial actions. It emphasizes the importance of maintaining proper records, ensuring timely communication, and resolving objections through a structured process involving various tax authorities. The instruction also includes provisions for accountability and monitoring of audit-related activities.
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