https://www.taxtmi.com/circulars?id=9482 Audit revealed systemic failures to collect deposits and to maintain proper records under the Compulsory Deposit Act. Commissioners must ensure ITOs scrutinise returns at assessment, enter liable assessees who have not paid or have underpaid in a dedicated register, and commence recovery and penalty proceedings. ITOs should review completed assessments from the retrospective period to determine enforcement action and complete penalty proceedings expeditiously, while Range Inspecting Assistant Commissioners verify register maintenance during inspections. en-us Mon, 20 Sep 1982 00:00:00 +0530 Mon, 06 Jun 2011 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9482 Audit revealed systemic failures to collect deposits and to maintain proper records under the Compulsory Deposit Act. Commissioners must ensure ITOs scrutinise returns at assessment, enter liable assessees who have not paid or have underpaid in a dedicated register, and commence recovery and penalty proceedings. ITOs should review completed assessments from the retrospective period to determine enforcement action and complete penalty proceedings expeditiously, while Range Inspecting Assistant Commissioners verify register maintenance during inspections. Circulars Income Tax Mon, 20 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9482