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of <h1>Board Instruction No. 489: Ensure Arithmetical Accuracy in Tax Assessments Over Specified Limits to Prevent Negligence.</h1> Instruction No. 489 issued by the Board on December 21, 1972, addresses recurring arithmetical mistakes in income tax, wealth tax, and estate duty assessments. It mandates that Income Tax Officers (ITOs) ensure the arithmetical accuracy of total income before signing assessment orders, especially when the income exceeds Rs. 9,999. Similar procedures apply to wealth and gift tax assessments when amounts exceed Rs. 5,00,000, or estate values exceed Rs. 2 lakhs. Clerks and supervisors are responsible for accurate transcription and calculation, with errors considered gross negligence. The Board requires these instructions to be communicated to all relevant officers and staff.
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