Summary assessment scheme-Steps taken for accelerating the pace of assessments

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..... sessments. Sir, The Board attahes very great importanace to the successful implementation of the Summary Assessment Scheme, so that the genuine small tax-payers, who form nearly 70% of the total number of taxpayers borne on our registers, are not put to the avoidable inconvenience of appearing before the Income-tax Officers to prove the correctness of the income returned by them. During the cu .....

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..... on of the taxpayers and their advisers. In order to enable the ITO to complete the assessment in a summary manner ane in accordance with law, the returns of income should be correct and complete in all respects, ane be accompanied by copies of trading and profit and loss accounts , balance-sheet, etc., that are required under the Rules. It is also necessary that evidence in support of rebates, rel .....

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