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Modification of Instruction No. 3 of 2007 - Enhance annual target of auditable cases for the AddI CIT/JCIT

Income Tax - Instruction No. 04/2015 - Dated:- 14-5-2015 - Instruction No. 4/2015 F. No.246/94/2013-A&PAC.I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 14th May, 2015 To All CCsIT (CCA), CCsIT/DGsIT Sub: Modification of Instruction No. 3 of 2007 1. The annual target of audit of minimum number of cases to be audited has been prescribed by paragraph III of the Instruction No. 3 of 2007 which reads as under: III Internal Audit Audit .....

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g to increased workload of auditable cases. Accordingly, annual targets of auditable cases by Internal Audit have been re-examined. Currently the annual target of auditable cases by AddICIT/ JCIT has been fixed at 50 cases per annum i.e the monthly workload of the audit is only 4 cases. Taking into account increased workload of auditable cases and current annual target, it has been decided to enhance annual target of auditable cases for the AddI CIT/JCIT from 50 cases to 150 cases per annum. The .....

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P is fixed at 1300 cases ( 600 corporate cases & 700 non-corporate cases). The Board has clarified to the C & AG the annual target for auditable cases by the IAP is 600 corporate or 700 non-corporate cases. It has been decided to modify the wordings of the paragraph III (i) of Instruction No. 3 of 2007 relating to annual target for IAP by replacing the word "&" by "or" between 600 (Corporate Cases) and 700 (Non-corporate cases) to clarify the target of IAPs. 4. In .....

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