Raising the Monetary Ceilings for Write-off and Reconstitution of Committees.

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..... ary ceilings with respect to the powers of various Income-tax authorities to write-off irrecoverable dues of income tax were enhanced and the level of authority whose administrative approval would be required for write-off was re-defined by instructions No. 14/2003 dated 06.11.2003. In partial modification of the said instruction, the Board has revised the prescribed monetary ceilings for write-of .....

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..... s Zonal Committee 3 officers of the level of CCIT CBDT CCIT Subject to report to the next higher authority Demand upto Rs. 25 Lacs CCIT with the approval of Full Board Demand upto Rs. 50 Lacs CCIT with the approval of Full Board and the Finance Minister Demand over Rs.50 Lacs 3. It is further clarified that any proposal for write-of .....

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..... wing Table : COMMITTEE CONSTITUTION TO BE NOTIFIED BY ORDER OF WRITE-OFF BY MONETARY CEILINGS FOR WRITE-OFF Regional Committee 3 officers of the level of CIT Cadre Controlling CCIT (under intimation to Board) Commissioner of WT/GT/Exp. Tax/Intt. Tax/Est. Duty Up to Rs.5 Lacs Zonal Committee 3 officers of the leve .....

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