Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Guidelines for Writing Off Tax Arrears: Approval Limits, Composite Proposals, and Interest Charges Explained.</h1> The circular outlines the procedure for writing off tax arrears, referencing previous instructions that align the process for various direct taxes with that of income tax. Commissioners or controllers can approve write-offs up to Rs. 5 lakhs, while proposals exceeding this require board approval with zonal committee recommendations. To streamline processes, a composite proposal is required for cases where income-tax arrears exceed Rs. 10 lakhs and Rs. 5 lakhs for other taxes. Proposals must include interest charges for late payment to avoid unnecessary correspondence. Officers are instructed to follow these guidelines and ensure all relevant parties are informed.
TaxTMI 
TaxTMI 
