Serious note to be taken if any mistakes in calculation are found. - Income Tax - 465/CBDT

INSTRUCTION NO. 465/CBDT October 11, 1972 Attention is invited to the instructions contained in Chapter XII, para 21(xvii)page 227 of the Office Manual Volume II, Section II, the instruction contained in F.NO.36/40/67-IT(Audit) dated 13th December, 1968 and Instructions No.233 issued from F.NO.9/37/68-IT(Audit) dated 23-10-70 wherein the limit has been prescribed that tax calculations in the appropriate income-tax cases must be checked by the ITO concerned, and that a serious note should be taken if any mistakes in the calculation are found. It has now been brought to the notice of the Board that the assessing officers while handling estate duty, wealth-tax or gift tax cases involving large demands, do not exercise proper care in the matter of checking the correctness of the calculation of demand. The Board have, therefore decided that the Assistant Controllers of Estate Duty, Wealth-tax Officers and Gift-tax Officers should also personally recheck the tax calculations in cases where the demands raised exceed a sum of Rs.25,000 or the refunds due exceed a sum of Rs.10,000. 2. The above instructions may kindly be brought to the notice of the officers working in the charge. Strict compliance should be ensured and a serious note taken of any lapse on the part of an officer.