Assessment of Chapter VI-A deductions: require verification of eligibility and documentary proof before allowing small-scale industry benefits. Audit review found Assessing Officers routinely failed to verify statutory conditions for Chapter VI-A deductions: they did not obtain authenticated worker records, did not verify actual plant and machinery cost, allowed rural or backward-area claims without confirmation, permitted ineligible large-scale or processing units to claim benefits, failed to insist on prescribed audit certificates, and treated collected taxes as assessable receipts. The Board directs issuance of instructions requiring AOs to verify documentary and audit evidence, confirm location and classification criteria, and apply correct income measures before allowing deductions.
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Assessment of Chapter VI-A deductions: require verification of eligibility and documentary proof before allowing small-scale industry benefits.
Audit review found Assessing Officers routinely failed to verify statutory conditions for Chapter VI-A deductions: they did not obtain authenticated worker records, did not verify actual plant and machinery cost, allowed rural or backward-area claims without confirmation, permitted ineligible large-scale or processing units to claim benefits, failed to insist on prescribed audit certificates, and treated collected taxes as assessable receipts. The Board directs issuance of instructions requiring AOs to verify documentary and audit evidence, confirm location and classification criteria, and apply correct income measures before allowing deductions.
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