Credit for tax paid- Procedure.

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....ocedure for giving credit to the assessee accordingly as the payment of tax is made before the introduction of the scheme of acceptance of direct taxes by public sector banks in addition to the RBI and SBI or after that scheme. 3. Some of the CsIT pointed out to the Board certain types of cases which cannot be covered under the said procedure. Certain other difficulties were also pointed out in....

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.... coming into force of the new scheme of tax payments the present procedure requires vide step II-A of the annex to boards Instruction No.1225 that the payment should be verified from the DCR which would be taken as conclusive proof if there is a record therein of reconciliation of totals of DCR and the treasury figures. It further provides that in the absence of reconciliation a reference should b....

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....ent for encashment is not received back uncollected etc. c) In such cases the powers of the various authorities for giving credit would be regulated in the following manner:- i) ITO - Rs.500 per challan subject to a maximum of Rs.2500 per assessee. ii)IAC - Upto Rs.2000 per challan subject to a maximum of 10000/assessee. iii)CIT -Rs.10,000 per challan subject to a maximum of Rs.50000/a....

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....ered under the procedure relaxed vide para 4(ii) above where payments were made before the new scheme of tax payments. It has been decided that in such cases you may kindly furnish to the Board the following details;- 1. Name of the assessee 2. Amount of each payment challan wise. 3. Date of payment. 4. Brief description of the nature of evidence with the assessee and with the Departme....