Provisional assessments u/s 141A of Income Tax Act, 1961.

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....t. In spite of the above instructions, instances have come to the notice of the Board where provisional assessments u/s 141A of the I.T.Act, 1961 are not being made in appropriate cases resulting in payments of avoidable interest u/s/ 214 amounting to several lakhs. 2. The Board desire that the provisional assessments should be made and refund due granted in all cases without fail where the ass....

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....due and if the Income-tax Officer is of the view that issue of refunds is likely to create difficulties subsequently in the matter of collection of demand that may be raised, the previous approval of the CIT should be obtained u/s 241 of the Income-tax Act with a view to withhold such refunds. 4. The Board have already issued instructions that case where the provisions of Section 141A are attra....