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TMI BlogSummary assessments.X X X X Extracts X X X X X X X X Extracts X X X X ..... disallow any deduction allowance or relief claimed in the return accounts and documents if prima-facie inadmissible. With the deletion of these two sub clauses no assessing authority has the power to make the adjustments permitted earlier by these two clauses in making an assessment u/s.143(1). In the explanatory memorandum to the finance bill, it was mentioned that the amendment will be applicable for assessment year 1980-81 and subsequent years. The board has reconsidered that matter. It is hereby clarified that the amendment will be applicable for assessment taken up for summary assessments now the assessing authorities cannot make these adjustments whatever be the assessment year concerned. The time spent by the ITOs at present in goin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assigned to them under clause b of section 125(1). under this clause commissioners are empowered to authorise the Inspectors to perform specified functions of the ITO. However the proviso to sec.125(1) lays down that Commissioners cannot assign certain functions unless specifically authorised by the board. Such an order authorising the Commissioners to assign such functions to the Inspectors has been passed by the board . Commissioners will in turn pass orders in writing assigning to the Inspectors the powers mentioned in the boards order. A draft of the order to be passed by the commissioner is at Annexure II. This draft may be modified as local conditions may require. It is essential that the orders are clear and specific and designate t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing instructions, the D & CR of an ITO is to be divided into two parts one to enter cases with assessed income above of Rs.25,000 or less and the other for cases with assessed income above RS. 25,000. These instructions will continue to be in force with the assessments disposed of by the Inspector being entered in the same D & CR in the part relating to assessed incomes upto Rs.25,000 only. The existing instructions that in cases where there is no net demand or refund, only the ITNS 150 need be sent and no demand notice need be issued will also continue to be in force. Where a summary assessment completed by the Inspector results in a refund, the refund order will be signed by the ITO. In short the Inspector functions in terms of the order ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r the Act as under the I.T.Act and for the exercise of his powers and the performance of his functions his jurisdiction under the CDS Act, 1974 shall be the same as under the I.T.Act and for this purpose compulsory deposit shall be declared to tax chargeable under the I.T.Act. In view of this provision Inspectors will pass necessary orders under the CDS Act in the assessment completed by them u/s.143(1). 13. This is the first time that the Department is putting through a scheme giving assessment functions to Inspectors of Income-tax. The success of the scheme largely depends on the initiative drive and involvement of ITOs Inspectors and their superior officers. The scheme has been fashioned to save manpower and time so that cases are dealt ..... X X X X Extracts X X X X X X X X Extracts X X X X
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