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of <h1>Income Tax Department Circular: Urges Prompt Response to Audit Objections, Mandates Strict Monitoring and Reporting for Compliance.</h1> The circular addresses concerns over delays in settling audit objections within the income tax department, as highlighted by the Public Accounts Committee. It emphasizes adherence to established procedures for responding to audit memos promptly, within three days of receipt, to prevent backlog. The circular outlines a structured process for monitoring compliance, involving reports from assessing officers and oversight by Deputy Commissioners and Commissioners. It mandates personal monitoring by the DC (Audit) and corrective actions for repeated lapses. Detailed records of audit interactions, including files reviewed and errors identified, must be maintained and reported within specified timelines to ensure accountability and efficiency.
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