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TMI BlogRecovery of IT.X X X X Extracts X X X X X X X X Extracts X X X X ..... Recovery of IT. X X X X Extracts X X X X X X X X Extracts X X X X ..... , the C&AG has identified weakening of certain control mechanism and non-adherence by the field formation to prescribed procedures in some cases and make observations/recommendations to further improve internal control mechanism and to monitor the recovery of Income Tax Arrears more effectively. The observations/recommendations of the C&AG and the response of the Ministry thereto are included in t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he above-mentioned report of the C&AG. The amount of certified demand left uncollected for the year 2009-10 and 2010-11 is as under: (as on 31.03-2011) Year No. of certificates No. of defaulters Amount (Rs. Lakhs) 2009-10 19,162 14,891 81,04,083 2010-11 22,025 15,489 5,35,123 Raising of demand and recovery of taxes is a continuous process which is affected by many factors due to whic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h arrears are accumulated. Some of the factors which lead to pendency of arrears are non-traceable assesses, assesses with inadequate or nil assets, assesses notified under Special Court (Trial of offences relating to transaction in securities) Act, 1992, cases before BIFR, companies in liquidation etc. The position of uncollected tax dues is monitored on regular basis in each case and the possibi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lities of collection are constantly evaluated. Cases of large demand (Rs.10 crores and above) are also monitored at the level of CBDT on quarterly basis.
This information was given by the Minister of State for Finance, Shri S.S. Palanimanickam in written reply to a question in Lok Sabha today.
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