Summary assessment scheme-Steps taken for accelerating the pace of assessments

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.... Subject:  Summary assessment scheme-Steps taken for accelerating the pace of assessments. Sir, The Board attahes very great importanace to the successful implementation of the Summary Assessment Scheme, so that the genuine small tax-payers, who form nearly 70% of the total number of taxpayers borne on our registers, are not put to the avoidable inconvenience of appearing before the Inc....

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.... 2. However, the success of this Scheme depends, to a large extent, on the co-operation of the taxpayers and their advisers. In order to enable the ITO to complete the assessment in a summary manner ane in accordance with law, the returns of income should be correct and complete in all respects, ane be accompanied by copies of trading and profit and loss accounts , balance-sheet, etc., that are....