https://www.taxtmi.com/circulars?id=9192 Instruction No.1176/CBDT reiterates that when a revenue audit party issues an audit memo noting irregularities, the ITO must reply with greatest expedition and in any case within three days of receipt, either accepting verified facts or promptly pointing out discrepancies; failure to do so leads to the objection being recorded in the Local Audit Report and possibly raised to a Draft para. en-us Tue, 16 May 1978 00:00:00 +0530 Thu, 02 Jun 2011 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9192 Instruction No.1176/CBDT reiterates that when a revenue audit party issues an audit memo noting irregularities, the ITO must reply with greatest expedition and in any case within three days of receipt, either accepting verified facts or promptly pointing out discrepancies; failure to do so leads to the objection being recorded in the Local Audit Report and possibly raised to a Draft para. Circulars Income Tax Tue, 16 May 1978 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9192