Powers conferred by Section 287 of the I.T.Act. - Income Tax - 253/CBDT

INSTRUCTION NO. 253/CBDT Dated: December 31, 1970 Section(s) Referred: 287 Statute: Income - Tax Act, 1961 I am directed to enclose a copy of the Central Government's Order No.83/108/69 dated the 26th December,1970 for necessary action and compliance. 2. The Central Government have decided u/s.287 of the I.T.Act, 1961 that the names and other particulars of assessees in whose cases amounts over rupees one lakh were written off during the financial year commencing from 1969-70 onwards should be published in the Gazette of India as well as important local newspapers (one leading English Daily and two leading vernacular Dailies) by the respective Commissioners of Income-tax themselves. The list should give names and addresses of the assessees, their status, assessment year(s), the amounts written off and the Brief reasons for write-offs. 3. The lists for the financial year 1969-70 should be published on or before 31-3-1971 and for the subsequent years should be published on or before 31st July following the close of the financial year. Each Commissioner should forward two copies of the lists published by him to the D.I(R.S P) who will keep a watch over these publications and ensure that the deadline fixed for the purpose if strictly adhered to. The D.I.(R.S. P) should forward a copy of each of these lists to the Board within a month of the date prescribed for publication. 4. The receipt of the letter may please be acknowledged. GOVERNMENT OF INDIA Ministry of Finance (Department of Revenue Insurance) North Block, New Delhi, the 26th December, 1970. ORDER INCOME-TAX(BUDGET)SECTION Whereas the Central Government is of the opinion that it is necessary and expedient in the public interest to publish the names and other particulars hereinafter specified relating to assessees in whose cases income tax demands over rupees one lakh have been written off during the financial year 1969-70 onwards. 2. Now therefore in exercise of the powers conferred by Section 287 of the I.T.Act (43 of 1961) and all other powers enabling them in this behalf, the Central Government hereby authorises and directs all CsIT to publish the names, addresses, status, assessment year, details of income-tax demands exceeding Rs. 1 lakh written off and Brief reasons for write off during the financial year 1969-70 and subsequent years until further orders: By order and in the name of the President.