Immediate scrutiny of cases involving arrears of tax exceeding Rs.5 lakhs. - Income Tax - 1156/CBDT

INSTRUCTION NO. 1156/CBDT Dated : March 14, 1978 Section(s) Referred: 276C Statute: Income - Tax Act, 1961 Attention is invited to Instruction No.1083* circulated under Board's F.No.285/362/77-IT(Inv), dated the 6th August, 1977 wherein it was required to examine all cases in which recovery of taxes had been deliberately thwarted by the assessee and to submit formal proposals to the Board for prosecution wherever justified on the facts. In particular, it was required to undertake immediate scrutiny of cases involving arrears of tax exceeding Rs.5 lakhs in aggregate as on 1.8.77 and to report the results of such scrutiny by 15.9.77, to be followed up by formal proposals for prosecution for Board's approval later. 2. The Board now desire that similar scrutiny to be undertaken immediately of arrears of tax, penalty or interest amounting to Rs.1 lakh or more as on 31.1.77 with a view to determining the feasibility of launching prosecution under section 276C(2) of the Income-Tax Act, 1961. The results of the scrutiny may please be reported to the Board latest by 30.4.78 and formal proposals for Board's approval may please be sent as soon as possible thereafter.