Internal Audit—Interest under Sections 214, 243 & 244 of I.T. Act, 1961—Avoidable Payments—Instruction Regarding - Income Tax - 150

Internal Audit—Interest under Sections 214, 243 244 of I.T. Act, 1961—Avoidable Payments—Instruction Regarding Circular No. 150 F. No. Audit-9/82-83/DIT Dated 4-5-1984 from Directorate of Inspection (Income-tax Audit) The Directorate has reiterated the Boards Instructions that the provisional assessments under section 141A should invariably be made promptly in all appropriate cases where regular assessments are likely to be delayed, so that the payment of interest under section 214 is avoided. The I.A.Ps should check all cases where payments of interest under sections 214, 243 244 was avoidable and it should bebrought to the notice of the concerned C.I.T.