Arithmetical accuracy of computation of total income

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 1) to (iii) C AGs Report 1971-72 Arithmetical accuracy in computation of total income is completely responsibility of the Income tax Officer in all cases. 2. In regard to arithmetical accuracy of tax calculations, the I.T.O. is personally responsible for checking this in important cases vide Board's Instructions No.F.36/40/67-It(Audit), dated 13.12.1968 and No 233 F.9/37/68-IT(Audit) dated 23.10 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ases where demands raised exceeded Rs.25,000 or refunds exceeded Rs.10,000. 3. With regard to arithmetical accuracy of computation of total income, besides following the directions in the Board's above-noted Instruction N.355 dated 13.12.71 the I.T.O. should record a very concise reconciliation memo as an office note below the assessment order (the note being on office copy of the order and for .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ply mutatis mutandis to assessment orders relating to other taxes. Steps are being taken to amplify the relevant para in the Office Manual to cover check of arithmetical accuracy of computation of total income in the manner detailed above. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X