TaxTMI 
TaxTMI 
All aspects to be taken into account at the time of original assessment specially with regard to provisional assessments u/s 141A.
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.... two cases where there has been an aggregate tax under-charged of nearly Rs.18 lakhs due to failure of the AO to take into account refunds issued by making a provisional assessment u/s.141 A while completing the regular assessment. The relevant paragraph which gives the full facts as under. In 2 cases the assessee-companies furnished their returns of income for the assessment year 1976-77 in Se....
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....board has taken grave notice of this failure in two of the bigger scrutiny cases assessed in a company circle. The workload of the ITOs in company circles has been purposely kept low with a view to ensuring that all aspects are taken into account when making assessments and mistakes do not occur in company cases. It is obvious that the ITO while completing the regular assessments has proceeded in ....
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....had issued instructions from time to time that the actions taken in the top 100 cases of each I.T. Circle/IAC's range/Commissioners charge should be checked for ensuring that suitable timely action be taken on all the matters pending in such cases. The ITO should have been alert from the beginning that in a case of this type a provisional assessment u/s.141 A was likely to have been made and shoul....
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....indicated in this column before determining the additional tax payable/refundable in col.G of part III of the said form. 5. These instructions should be brought to the notice of all AOs who should be advised to ensure that such mistakes in calculation do not occur in any case. In bigger cases particularly where even the tax calculations have to be checked by various authorities including the IT....