Tax investigation coordination: assessing officers must investigate irregular share and banking transactions, coordinate with Investigation Wing, and report progress. Instruction requires Chief Commissioners/Commissioners to identify cases of share, securities and banking irregularities, examine Income-tax files, prepare comprehensive background notes from all available information, direct assessing officers to undertake investigations under supervisory guidance, coordinate closely with the Investigation Wing, and where necessary refer cases to central investigative authorities; CCsIT must prepare tax profiles of assessees for parliamentary review and report progress monthly.
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Provisions expressly mentioned in the judgment/order text.
Tax investigation coordination: assessing officers must investigate irregular share and banking transactions, coordinate with Investigation Wing, and report progress.
Instruction requires Chief Commissioners/Commissioners to identify cases of share, securities and banking irregularities, examine Income-tax files, prepare comprehensive background notes from all available information, direct assessing officers to undertake investigations under supervisory guidance, coordinate closely with the Investigation Wing, and where necessary refer cases to central investigative authorities; CCsIT must prepare tax profiles of assessees for parliamentary review and report progress monthly.
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