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TMI BlogTighter vigilance to avoid audit objections.X X X X Extracts X X X X X X X X Extracts X X X X ..... s F.No.236/376/78-A&PAC.II dated 2-12-78. However a perusal of the observations proposed to be made by the C & AG clearly indicates that there have been lapses in the field in complying with the instructions laid down in chapter XIV(a) of the Office Mannual Volume II, Section II as supplemented by instructions issued from time to time. Most of the mistakes pointed out by the Revenue Audit are of s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Office Manual Volume II, Section II had been properly followed, the lapses of the magnitude mentioned in the Audit Para could not have arisen. Suitable steps may be taken to ensure that ITOs exercise due care to charge penal interest/impose penalty wherever justified. Where the ITOs are of the view that penal interest is not leviable or is to be waived under rule 40, suitable note should be le ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of estimates and non-payments of advance tax by assessees under section 212(3A). The defect pointed out in this paragraph can be avoided through administrative vigilance and by ensuring that defaulters are adequately penalised. D-Non-payments of instalments of advance tax by due dates. Section 218 provides that if any assessee does not pay any instalment on the date or dates specified in Secti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice Manual referred to may be borne in mind. F-Short credit for advance tax payment. Several instructions have been issued from time to time emphasising the need for maintaining proper records of the payments made by the assessees under advance tax, self-assessment etc. and for ensuring that credit for such payments has been given to the assessees in the regular assessment. Lapses in this regard ..... X X X X Extracts X X X X X X X X Extracts X X X X
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