https://www.taxtmi.com/circulars?id=9242 The directive requires strict administrative vigilance to prevent audit objections relating to advance tax by ensuring adherence to Chapter XIV(a) of the Office Manual and Board circulars: ensure issuance of statutory notices, levy penal interest or penalty where justified (with notes when waived), invoke statutory provisions for under-estimation or postponement, enforce recovery procedures for instalment defaults including continuing penalties until regular assessment, and maintain prompt, accurate crediting of payments through strengthened recordkeeping and supervisory inspections. en-us Fri, 05 Jan 1979 00:00:00 +0530 Fri, 03 Jun 2011 13:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9242 The directive requires strict administrative vigilance to prevent audit objections relating to advance tax by ensuring adherence to Chapter XIV(a) of the Office Manual and Board circulars: ensure issuance of statutory notices, levy penal interest or penalty where justified (with notes when waived), invoke statutory provisions for under-estimation or postponement, enforce recovery procedures for instalment defaults including continuing penalties until regular assessment, and maintain prompt, accurate crediting of payments through strengthened recordkeeping and supervisory inspections. Circulars Income Tax Fri, 05 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9242