https://www.taxtmi.com/news?id=3159 The C&AG performance audit identified weakening of control mechanisms and non-adherence to procedures in recovery of income tax arrears, recommended steps to strengthen internal controls and monitoring, and recorded certified demand remaining uncollected. Impediments to collection include non-traceable taxpayers, inadequate or nil assets, prosecution under the Special Court Act, cases before insolvency or rehabilitation bodies, and companies in liquidation; the Ministry monitors dues, evaluates collection prospects, and subjects large-demand cases to higher-level oversight. en-us Fri, 27 Apr 2012 18:12:37 +0530 Fri, 27 Apr 2012 18:12:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3159 The C&AG performance audit identified weakening of control mechanisms and non-adherence to procedures in recovery of income tax arrears, recommended steps to strengthen internal controls and monitoring, and recorded certified demand remaining uncollected. Impediments to collection include non-traceable taxpayers, inadequate or nil assets, prosecution under the Special Court Act, cases before insolvency or rehabilitation bodies, and companies in liquidation; the Ministry monitors dues, evaluates collection prospects, and subjects large-demand cases to higher-level oversight. News - Fri, 27 Apr 2012 18:12:37 +0530 https://www.taxtmi.com/news?id=3159