Entries are duly recorded in order sheet. - Income Tax - 242/CBDT

INSTRUCTION NO. 242/CBDT Dated: December 16, 1970 The board have noticed with concern an instance where even though the determined share income of the assessee was intimated to the W.T.O, he failed to rectify the assessment which had originally been completed subject to rectification on receipt of share intimation. The board have already prescribed the Register for rectification of provisional share income. They desire that the same register should be utilised for the purposes of rectification of wealth-tax assessments also, so that whenever the returned share income is provisionally included in the assessed income, the assessing officer should while rectifying the Income-tax assessment also rectify the wealth-tax assessments simultaneously. 2. The board further desire that the assessing officers should be instructed to ensure that all entries are duly recorded in the order sheet as already prescribed in the office Mannual, part II section II. They should keep a check about the follow up action resulting from the receipt of any fresh information. Any lapse on the part of the officers in this regard should not be viewed lightly.