Income-tax Officers should record a confidential note in the order sheet in all cases where the income returned by the assessee is less than 80% of the income assessed

Income-tax Officers should record a confidential note in the order sheet in all cases where the income returned by the assessee is less than 80% of the income assessed https://www.taxtmi.com/circulars?id=10368 Income-tax officers must record a confidential note in the order sheet whenever the income returned by an assessee is substantially lower than the income assessed (after allowance for bona fide disallowances), stating the reasons for the disparity; supervisory authorities must ensure strict compliance and take action against officers who fail to follow this instruction. en-us Thu, 25 Sep 1975 00:00:00 +0530 Fri, 17 Jun 2011 18:48:00 +0530 TaxTMI RSS Generator Income-tax Officers should record a confidential note in the order sheet in all cases where the income returned by the assessee is less than 80% of the income assessed https://www.taxtmi.com/circulars?id=10368 Income-tax officers must record a confidential note in the order sheet whenever the income returned by an assessee is substantially lower than the income assessed (after allowance for bona fide disallowances), stating the reasons for the disparity; supervisory authorities must ensure strict compliance and take action against officers who fail to follow this instruction. Circulars Income Tax Thu, 25 Sep 1975 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10368