Tighter vigilance to avoid audit objections.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....-78 has already been communicated to all CsIT in Board's F.No.236/376/78-A&PAC.II dated 2-12-78. However a perusal of the observations proposed to be made by the C & AG clearly indicates that there have been lapses in the field in complying with the instructions laid down in chapter XIV(a) of the Office Mannual Volume II, Section II as supplemented by instructions issued from time to time. Most of....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....egard in sub-paras(i),(ii) & (iii) of para 6 of chapter XIV (a) of Office Manual Volume II, Section II had been properly followed, the lapses of the magnitude mentioned in the Audit Para could not have arisen. Suitable steps may be taken to ensure that ITOs exercise due care to charge penal interest/impose penalty wherever justified. Where the ITOs are of the view that penal interest is not leviab....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... there is liability to advance tax escapes attention. C-Non-filing of estimates and non-payments of advance tax by assessees under section 212(3A). The defect pointed out in this paragraph can be avoided through administrative vigilance and by ensuring that defaulters are adequately penalised. D-Non-payments of instalments of advance tax by due dates. Section 218 provides that if any a....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....action thereunder. In this connection, instructions in paras 13 & 14 of the Office Manual referred to may be borne in mind. F-Short credit for advance tax payment. Several instructions have been issued from time to time emphasising the need for maintaining proper records of the payments made by the assessees under advance tax, self-assessment etc. and for ensuring that credit for such paymen....