REVISION OF INSTRUCTION NO.9/2006 ON RECEIPT/REVENUE AUDIT OBJECTIONS.

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....the procedure and strengthen the role of supervisory authorities and CIT (Audit) as detailed below: Role of CCIT (CCA) /CCIT/DGIT: • CCIT/DGIT will review the performance of settlement of audit objections of his region on a monthly basis and submit a report in the annexed Proforma to CCIT (CCA) by the 5th of succeeding month. • Review should, inter alia, cover adherence to the timelines for submission of replies as per Central Action Plan & taking of remedial actions wherever called for, in terms of para 4 of the Instruction. Steps should be taken to minimize the deviations from the prescribed timelines. The progress in the matter of calling for explanation and suitable action against erring officers/staff in te....

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....tability of audit objections listed in Local Audit Report is to be of the CIT in terms of para 2.5 of the Instruction. CIT should ensure that each objection is replied through separate letter as the bunching of replies to objections in one letter, is one of the major reasons identified for discrepancy in figures of replies sent by the Department and as available with the C&AG. Bunching also has an inherent danger of some case remaining unattended in absence of the placement of the copy of the common letter in the relevant file. Copy of each reply sent should also be marked to CIT (Audit) so that a central data bank of Revenue audit objections is maintained to speed up the process of reconciliation with C&AG. • The timelines in ....

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.... DGIT. • CIT (Audit) would facilitate holding of quarterly meetings of CsIT/DsIT with the office of the C&AG in his area to facilitate early settlement of cases. 3. In supersession of the monetary limits specified in para 3.2(a) and 7.2 of Instruction and adopting a consistent approach with C&AG, the definition of Major audit objection, for the purposes of Revenue Audit, is henceforth revised as one where the revenue effect is Rs. 2,00,000 or more for the purposes of Corporation Tax and Income tax . 4. The phrase "CIT (Audit) in Metropolitan charges" as occurring in para 7.1(b) and (c) of Instruction should be construed as 'CIT (Audit) concerned'. 5. Instruction no. 9 of 2006 is amended and supplemented with ef....