Review of executive salary assessments urged; tax treatment and application of disallowance provisions must be scrutinized and reported.

The Board directs review of assessments of top executives in specified industries to verify proper taxation of salaries and perquisites and to ensure no tax evasion, and requires review of the employing companies with particular reference to the application of disallowance provisions affecting deductible payments; Income Tax Officers must consider these points when finalising assessments and submit a consolidated report using the prescribed proforma by the stipulated deadline.

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