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of <h1>Circular Urges Compliance with Bond's Instruction No. 1552 for Regular Audit Meetings to Resolve Receipt Objections Effectively.</h1> The circular addresses the functioning of the Inter Departmental Machinery established under Bond's Instruction No. 1552 to expedite the resolution of major receipt audit objections. It mandates monthly meetings between the Deputy Commissioner (Audit) and their counterparts, and quarterly meetings between Commissioners of Income Tax (CsIT) and Accountants General (AGs). The analysis of reports from 1987-88 indicates inadequate compliance with these meeting schedules. The circular emphasizes the importance of these meetings for resolving audit issues and requests CsIT to ensure regular meetings and proper coordination. Difficulties should be reported to the Director of Income Tax (Audit) for escalation if necessary.
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