Implementation of Compulsory Deposit Scheme, 1974.

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..... rds in 25 Commissioner Charges, Audit has observed that deposits amounting to Rs. 86,50,000 had not been made by 10,428 assessees in respect of the assessment years 1977-78, 1978-79 and 1979-80. These figures would clearly indicate that the scheme is not being properly implemented by the field officers. Proper records to watch the payment and recovery of compulsory deposits were not maintained in .....

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..... ceedings wherever applicable. 3. As there is no time limit prescribed under the said Act for the imposition of penalty, the ITOs should review all cases where assessments have been completed during the financial year 1979-80 onwards till date, in order to see whether recovery proceedings are called for and enforce recovery or initiate proceedings as the case may be. It is further desired that al .....

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