Arithmetical accuracy of computation of total income

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....ome to the Boards notice vide Paras 26(1) to (iii) C&AGs Report 1971-72 Arithmetical accuracy in computation of total income is completely responsibility of the Income tax Officer in all cases. 2. In regard to arithmetical accuracy of tax calculations, the I.T.O. is personally responsible for checking this in important cases vide Board's Instructions No.F.36/40/67-It(Audit), dated 13.12.1968 an....

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....d personally check tax calculations in cases where demands raised exceeded Rs.25,000 or refunds exceeded Rs.10,000. 3. With regard to arithmetical accuracy of computation of total income, besides following the directions in the Board's above-noted Instruction N.355 dated 13.12.71 the I.T.O. should record a very concise reconciliation memo as an office note below the assessment order (the note b....