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TMI BlogMonetary limits in respect of publishing names under section 287.X X X X Extracts X X X X X X X X Extracts X X X X ..... e monetary limits in respect of publishing names under section 287 was examined by the Government. It has been decided that the existing monetary limit of Rs. 1 lakh for tax defaulters in the cities of Bombay and Calcutta should be increased to Rs.5 lakhs and the limit of Rs.25,000/- prescribed for other charges should be increased to Rs.1 lakh. It has also been decided to simplify the publication ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ection 245C(1) if such a petition/application is pending at the end of the financial year in which the name is otherwise fit for inclusion. 3, Accordingly, an order F.No.385/63/73-IT(B) dated 10.8.77 in supersession of earlier order on the subject, F.No.1/1/69-IT(B) dated 9.6.69 has been issued. A copy of the same is printed below. 4. While publishing names of tax defaulters it has been decide ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessees in the Gazettee of India as well as in important local newspapers (one leading English daily and two leading vernacular dailies) on the basis of the said order of the Government. 6. A copy of the list should also be placed on the Notice Board of the Income-tax Office. In multi-Commissioners' charges, a single publication in respect of all the Commissioners may be issued by the commiss ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... elopment Bank; 2. State Finance Corporations; 3. Refinance Corporation Ltd. (now defunct; 4. I.C.I.C.I. Ltd; and 5. Any other banking company or Finance Corporation. 9. In this connection attention is also invited to the DI(RS P), New Delhi's letter No.8/RSP/65/3223 dated 16th July, 65 addressed to all commissioners of Income-tax. The amounts in default should be worked out having rega ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e at the end of the financial year, should be excluded. (iii) in order to allow a reasonable time to the defaulters in paying of the outstanding taxes only the names of those defaulters who do not pay their dues within two months of the appellate orders need be published. If any assessee pays the amount before the list is sent to the Press his name should be deleted from the list. - Circular - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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