Minutes of the ‘All India Conference of DGIT (Inv.)/CCIT (Central)’ held on 10.5.2003 at Mumbai.

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....ome Tax (Central) held on 10th May, 2003 for necessary action at your end. Member (Inv.) has desired that the decisions taken should strictly implemented immediately. Wherever necessary, suitable instructions from the Board will follow shortly. Yours faithfully, Sd/- (SHARAT CHANDRA ) Director (Inv. II & III) Encl. As above. An All India Conference of the Directors General of Income Tax (Inv.) and Chief Commissioners of Income Tax (Central) was convened by Member (Inv.), CBDT on 10.5.2003 at Aayakar Bhavan, Mumbai. Deliberations were mainly focused on following topics: 1. Search & Seizure operations - Strategy and approach for F.Y.2003-04, 2. Improving quality of Search & Seizure operations, Maintena....

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....] (ii) Quality of assessments made in Central Circles are not up to the expectation and needs a lot of improvement. DGsIT(Inv.) and CCsIT(Centra)) should ensure that such tendency of making unwarranted additions on the part of the AO are curbed at the earliest. Therefore, it was decided that all DGlT(Inv.)/CClT (C) should review the assessment made in 2002-03 in Central Charges where additions made more than Rs.10 crore in metropolitan and Rs. 5 crore in non-metropolitan charges. Formal letters shall be issued by the Board in consultation with DGs. [Action : DGIT(lnv.)/CCIT(C), DS(Inv.I),CBDT] (iii) Member (lnv.) advised all DGIT (lnv.)/CCIT(C) to look into workload of CIT(A)(C) and redistributed the work. He desi....

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.... [Action: All DGsIT (Inv.)] (xi) Income/ investment verification from IT records should invariably be made before effecting seizure of assets/valuables. If same is not possible on the first day of search, prohibition order u/s 132(3) can be passed and relevant evidences can be collected from assessee to determine the need for seizure. [Action: All DGsIT] (x) Regular books of accounts, documents like passport, Export documents, etc. should not be generally seized. [Action : All DGslT] (xi) There should be due application of mind while considering release of assets u/s 132B. It was also decided to examine as to whether Investigation Wing can also release the disclosed seized assets. [Actio....

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....tion dated 3.7.2002 for monitoring details of search/seizure operation and assessment thereof should further include columns with' regard to income as determined after CIT(A)/ITAT orders and details of recovery made during post-search assessments and also details of prosecution, if any, launched. Instruction to be issued by the Board. [Action : Director (Inv. II)] (xvi) Internal Audit System of Central Charges as prescribed by the Board in non-Metro charges is to be reviewed because internal audit work takes away a major chunk of time available to the officers of Central Charges. [Action : DS (Inv. I)] (xvii) In cases where no appeals have been filed, suo-moto u/s 264 of Income Tax Act, 1961 can also be r....