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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>New Procedures for Writing Off Tax Arrears: Reporting and Endorsement Guidelines for CsIT and IACs.</h1> The circular outlines procedures for writing off tax arrears by the Commissioners of Income Tax (CsIT). CsIT have full authority to write off irrecoverable tax balances, but must report cases exceeding Rs. 1 lakh to a higher authority. For cases between Rs. 10,000 and Rs. 1 lakh, write-off orders must be endorsed to the Board. Orders below Rs. 10,000 should also be reported. Future orders must include reasons for the write-off. The Inspecting Assistant Commissioners (IACs) must endorse their write-off orders to CsIT for review. Separate instructions will be provided for wealth-tax, gift-tax, and estate duty.
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