854/CBDT.

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..... akes noticed by Audit appears to have affected adversely the objective examination of the objections and their early settlement as well as initiation of timely and proper remedial action wherever necessary. Instances have come to the notice of the Board where, instead of properly examining the objections on merits, officers expended considerable time and energy and also exercised ingenuity to resi .....

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..... n dated 15-12-1971, should be followed hereafter: (i) The present system of maintaining ledger cards should continue; (ii) Explanation of the ITO should be obtained where the IAP/Revenue Audit have pointed out a mistake involving revenue of Rs. 10,000/ or more in Income-tax or Rs.1000 or more in other taxes, if the mistakes arise from any one or more of the following reasons; (a) Failure to .....

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