Procedure for simultaneous assessment of firms and partners.

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....be taken up for assessment simultaneously. If for any reason there is delay in completing the firm's assessment entries should be made in the provisional share income register prescribed vide Board's circular F.No.56(6) IT/58 dated 3-2-59 and reiterated in F.NO.36/31/63-ITA-I(B) dated 3-7-64 and follow up action watched carefully. On the other hand, if it is found that the delay is likely to occur....

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.... should be eliminated. With a view to have a check on the repetition of such mistakes the following procedure is laid down. 1) While completing the assessment of the firm the ITO should note down the names and designation of the officers assessing each of the partners. If the partner is assessed in the same ward or circle his share of income as per firm's assessment should be noted on the retur....