Welfare Fund governance establishes purposes, funding sources, administration and disbursement procedures for income tax department officials' welfare. The Rules create an interest-bearing corpus-funded Welfare Fund for all income tax officials to finance welfare, contingency, medical and recreational initiatives; accretions from specified receipts and sanctioned rewards augment the corpus and interest and accretions are used for listed purposes. A Governing Body and an Executive Committee administer sponsorship, approval and disbursement of benefits, with accounting instructions, separate voucher maintenance, annual statutory audit by C&AG, and rule amendments subject to Board approval.
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Provisions expressly mentioned in the judgment/order text.
Welfare Fund governance establishes purposes, funding sources, administration and disbursement procedures for income tax department officials' welfare.
The Rules create an interest-bearing corpus-funded Welfare Fund for all income tax officials to finance welfare, contingency, medical and recreational initiatives; accretions from specified receipts and sanctioned rewards augment the corpus and interest and accretions are used for listed purposes. A Governing Body and an Executive Committee administer sponsorship, approval and disbursement of benefits, with accounting instructions, separate voucher maintenance, annual statutory audit by C&AG, and rule amendments subject to Board approval.
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