1901/1992.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of the total income, but also the determination of the tax. The Supreme Court has held that the determination of the tax is as crucial as the assessment of total income. It is only when both the assessment order and the tax computation sheet are signed by the assessing officer that the process of assessment is complete. In this context the Supreme Court has inter alia observed as under:- "We sho .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... here do arise sometimes difficult questions of interpretation of the provisions relating to tax rates, additional tax, interest and so on and the assessee should, in all fairness, have full details regarding the computation to enable him to take further steps in the matter. We hope that the observations made by us would ensure, at least in future, that ITOs do not allow themselves to be indiffer .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... to give a clear idea to the assessee on the basis of the computation of tax, additional tax, interest, the details of prepaid taxes and the net amount payable/refundable. 4. The ITNS 150/150A should continue to be sent alongwith the assessment orders in accordance with the existing instructions. 5. These instructions may be brought to the notice of all the officers and members of staff workin .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X