Report to concerned IAC for the adequacy of the reasons for the delay. - Income Tax - 232/CBDT

INSTRUCTION NO. 232/CBDT Dated: October 23, 1970 Section(s) Referred: 143(3) Statute: Income - Tax Act, 1961 The PAC have noticed in some cases a substantial time-lag between the final hearing of a case and the passing of an assessment order. Such delays often lead to errors resulting from forgetfulness. Besides there is a risk of the assessment order not presenting the cases of the assessee and the department in the proper perspective. Accordingly, the Board desire that the assessment orders are passed immediately after the hearing is over. In complicated cases or those involving the handling of voluminous materials, it may not be possible to pass an order immediately after the hearing. Even in such cases the order should be passed within 14 working days after the date of last hearing. 2. The board will look with disfavour to any deviation without adequate justification, from the prescribed time-limit. Where any deviations occur, the ITO shall send a written report to the concerned IAC and the latter will have to satisfy himself about the adequacy of the reasons for the delay. If he is not satisfied, it should be brought to the notice of the CIT for suitable action.