Issuance of Tax Verification Certificates requires disclosure, filing and payment compliance and bars certificates for obstructive legal actions. The certifying Income tax Officer must verify full disclosure of interests, that all due returns for the assessee and related concerns have been filed with proof, and that all tax demands have been paid except those stayed by competent authority; instalment payments due must be made. The ITO must confirm the assessee's co operation in completing pending assessments and withhold the certificate where legal actions amount to obstructive or dilatory tactics, consulting the Commissioner before final decision.
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Provisions expressly mentioned in the judgment/order text.
Issuance of Tax Verification Certificates requires disclosure, filing and payment compliance and bars certificates for obstructive legal actions.
The certifying Income tax Officer must verify full disclosure of interests, that all due returns for the assessee and related concerns have been filed with proof, and that all tax demands have been paid except those stayed by competent authority; instalment payments due must be made. The ITO must confirm the assessee's co operation in completing pending assessments and withhold the certificate where legal actions amount to obstructive or dilatory tactics, consulting the Commissioner before final decision.
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