Demonetisation reporting obligations: new mandatory monthly proforma and verification duties with penalties and prosecutions possible. Commissioners must obtain and verify bank declarations, submit certificates confirming collection and verification, conduct preliminary enquiries for higher-value declarations, and provide triplicate statements for very large tenders. A revised monthly progress report proforma is to be used, showing collected and outstanding declarations, value-threshold classification, and the status of preliminary enquiries. Where sources of notes are not satisfactorily explained, prompt assessments, penalty proceedings, and prosecutions are to be initiated.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Demonetisation reporting obligations: new mandatory monthly proforma and verification duties with penalties and prosecutions possible.
Commissioners must obtain and verify bank declarations, submit certificates confirming collection and verification, conduct preliminary enquiries for higher-value declarations, and provide triplicate statements for very large tenders. A revised monthly progress report proforma is to be used, showing collected and outstanding declarations, value-threshold classification, and the status of preliminary enquiries. Where sources of notes are not satisfactorily explained, prompt assessments, penalty proceedings, and prosecutions are to be initiated.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
