https://www.taxtmi.com/circulars?id=9927 Audit review found Assessing Officers routinely failed to verify statutory conditions for Chapter VI-A deductions: they did not obtain authenticated worker records, did not verify actual plant and machinery cost, allowed rural or backward-area claims without confirmation, permitted ineligible large-scale or processing units to claim benefits, failed to insist on prescribed audit certificates, and treated collected taxes as assessable receipts. The Board directs issuance of instructions requiring AOs to verify documentary and audit evidence, confirm location and classification criteria, and apply correct income measures before allowing deductions. en-us Thu, 17 Jan 1991 00:00:00 +0530 Thu, 09 Jun 2011 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9927 Audit review found Assessing Officers routinely failed to verify statutory conditions for Chapter VI-A deductions: they did not obtain authenticated worker records, did not verify actual plant and machinery cost, allowed rural or backward-area claims without confirmation, permitted ineligible large-scale or processing units to claim benefits, failed to insist on prescribed audit certificates, and treated collected taxes as assessable receipts. The Board directs issuance of instructions requiring AOs to verify documentary and audit evidence, confirm location and classification criteria, and apply correct income measures before allowing deductions. Circulars Income Tax Thu, 17 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9927