Income Tax Department Updates Procedure for Transferring Assessment Records and Arrear Demands; Emphasizes Efficiency and Compliance.

The circular outlines the revised procedure for transferring and acknowledging assessment records and arrear demands within the Income Tax Department. It mandates a streamlined process to ensure prompt identification and consent of the transferee Income Tax Officer (ITO), with records dispatched directly to them. The circular specifies maintaining a register for monitoring transfers and acknowledgments, preparing a transfer memo in triplicate, and using a separate acknowledgment form. Bulk transfers are simplified, requiring a transfer memo only for cases with income over Rs. 40,000 in the last three years. Proper supervision and training are emphasized to ensure compliance with the new procedures.

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