TaxTMI 
TaxTMI 
Monetary limits in respect of publishing names under section 287.
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....ect of publishing names under section 287 was examined by the Government. It has been decided that the existing monetary limit of Rs. 1 lakh for tax defaulters in the cities of Bombay and Calcutta should be increased to Rs.5 lakhs and the limit of Rs.25,000/- prescribed for other charges should be increased to Rs.1 lakh. It has also been decided to simplify the publication work by publishing the l....
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....etition/application is pending at the end of the financial year in which the name is otherwise fit for inclusion. 3, Accordingly, an order F.No.385/63/73-IT(B) dated 10.8.77 in supersession of earlier order on the subject, F.No.1/1/69-IT(B) dated 9.6.69 has been issued. A copy of the same is printed below. 4. While publishing names of tax defaulters it has been decided to invite the public to fu....
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....India as well as in important local newspapers (one leading English daily and two leading vernacular dailies) on the basis of the said order of the Government. 6. A copy of the list should also be placed on the Notice Board of the Income-tax Office. In multi-Commissioners' charges, a single publication in respect of all the Commissioners may be issued by the commissioner of Income tax-I at that p....
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....orporations; 3. Refinance Corporation Ltd. (now defunct; 4. I.C.I.C.I. Ltd; and 5. Any other banking company or Finance Corporation. 9. In this connection attention is also invited to the DI(RS&P), New Delhi's letter No.8/RSP/65/3223 dated 16th July, 65 addressed to all commissioners of Income-tax. The amounts in default should be worked out having regard to the following: (i) In cases where....