Quarterly statement in respect of cases of arrears over Rs.25 lakhs should be prepared in duplicate. - Income Tax - 147/CBDT

INSTRUCTION NO 147/CBDT, Dated: February 16, 1970 I am directed to refer to Shri Palekar's D.O.No.81/156/69-ITB dated the 18th August, 1969 prescribing a quarterly return of arrear demand in cases of arrears exceeding Rs.5 lakhs and to say that in the light of D.O.No.3/62/69-ITB dated the 7th January, 1970, the Board have decided that the quarterly statement in respect of cases of arrears over Rs.25 lakhs should be prepared in duplicate. One copy of the statement should be sent to the Board directly while the other copy should be forwarded to the D.I.(R.S P). The Board will be responsible only for the review of the arrear demands in cases of arrears above Rs.25 lakhs. The existing arrangements will continue so far as other matters relating to these cases are concerned and the D.I(R.S P) will be responsible for preparing an analysis of all the arrear demands above Rs.5 lakhs according to reasons for non-collection of such demand.