Revision of assessments consequent on appellate orders exceeded rupees one lakh. - Income Tax - 390/CBDT

INSTRUCTION NO. 390/CBDT Dated: March 13, 1972 Attention is invited to Board's instructions issued vide their letter F.NO. 36/5/64-IT(AI) dated 4th June, 1964 suggesting certain remedial measures for the avoidance of recurrence of the irregularities commonly committed by the Income-tax Officer. In their letter bearing the same number dated 18th July, 1964, the Board further directed that where the tax effect as a result of revision of assessments consequent on appellate orders exceeded rupees one lakh, the Income-tax Officers should take prior approval of the Inspecting Assistant Commissar. Copies of Board's letters dated 4th June, 1964 and 18th July, 1964 (copies printed below) are enclosed for ready reference. 2. The Board desire that in respect of Estate Duty cases also, the Deputy Controller of Estate Duty should, in the course of his inspections, take up verification of the Assistant Controller's orders giving effect to appellate decisions which involve a reduction in the principal value of an amount exceeding Rs. 1 lakh, It is also desired that in all cases where, as a result of the revision of assessments in consequence of the appellate orders, the Estate Duty involved exceeds Rs. 1 lakh, the Assistant Controller should take the prior approval of the Deputy Controller of estate duty before giving effect, to the appellate orders.