https://www.taxtmi.com/circulars?id=8822 Instruction identifies recurring defects in assessments - unsupported gross profit reductions, general expense disallowances, unsubstantiated directors' remuneration adjustments, cash-credit additions without proper enquiry, inadequate-drawings adjustments lacking factual support, and concealment-penalty imposition without adequate onus - and directs officers to follow prior circulars, maintain confidential registers and records, state specific facts and reasons for disallowances, observe procedural safeguards (including opportunity for cross-examination), and circulate favorable appellate precedents for guidance. en-us Tue, 01 Feb 1972 00:00:00 +0530 Fri, 27 May 2011 16:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8822 Instruction identifies recurring defects in assessments - unsupported gross profit reductions, general expense disallowances, unsubstantiated directors' remuneration adjustments, cash-credit additions without proper enquiry, inadequate-drawings adjustments lacking factual support, and concealment-penalty imposition without adequate onus - and directs officers to follow prior circulars, maintain confidential registers and records, state specific facts and reasons for disallowances, observe procedural safeguards (including opportunity for cross-examination), and circulate favorable appellate precedents for guidance. Circulars Income Tax Tue, 01 Feb 1972 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8822