Tax Recovery Certificate by the ITOs.

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....iscriminate issue of Tax Recovery Certificate by the ITOs in the last month of the financial year when the statutory period of limitation is about to expire. Due to this bulk issue, the certificates suffer from one or more of the following defects: (i) The particulars of the assets of the defaulter are not reported to the TRO. (ii) The amount certified is incorrect since assessee's claim for....

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....thereafter issuing recovery certificates in cases where found necessary, from October onwards. The practice of issuing the certificates only in the month of March of each financial year, if prevalent in your charge, should be stopped. (ii) The practice of issuing certificates even in respect of stayed demand should be discontinued. A watch over such cases can be kept through the Registers presc....

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...., the ITO should forward the certificates to the TRO through the IAC with a note explaining the action taken already for recovery and indicating the action required to be taken by the TRO. (v)(a) A procedure for organising periodical meetings by CIT/IAC with the ITO/TRO was prescribed in Board's Circular No.175 dated 14.8.75 (F.No.404/171/75-ITCC). The CIT/IAC need not himself participate in th....

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....d by the Board in Instruction F.No.404/138/77-ITCC, dated 5.10.77 and copies of the Commissioner's review should be endorsed to the Board and the DOMS. 4. The continuing pendency of a large number of certificates which are very old indicates that sufficient attention is not being devoted to the work of writing off of such demands in a systematic manner. The Board has decided that the ITO (Headq....