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of <h1>Tax Officers Urged to Improve Cross-Verification Across Tax Laws; Address Oversights in Wealth and Estate Duty Assessments.</h1> Assessing officers are reminded to correlate information from records of different direct tax laws when making decisions. Despite previous instructions, audits have revealed failures in this practice. Common issues include non-business asset transfers without adequate consideration, income tax assessees with substantial wealth not assessed for wealth tax, overstated property market values for capital gains, life interests in trusts not included in wealth tax assessments, and failure to report deceased assessees to estate duty authorities. Officers are urged to address these oversights and ensure proper correlation and verification in future assessments.
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