[aaykarbhavan] Parliament Committee Hauls Up Dept For ‘Adventurous’ Assessment Orders

Dear Subscriber,

Parliament Committee Hauls Up Dept For 'Adventurous' Assessment Orders

The Parliamentary Public Accounts Committee has released a report on "Tax Administration" in which several far-reaching observations have been made regarding the functioning of the Income-tax department. One of the issues that irked the Committee was the tendency amongst the Assessing Officers of passing "adventurous" assessment orders. It noted that the arbitrary additions made in such "adventurous" orders were causing undue harassment to the taxpayers and had led to high levels of dis-satisfaction. It recorded the solemn statement of the Revenue Secretary that a system would be implemented which would provide disincentives against such orders. The department assured the Committee that it would henceforth inculcate in the Assessing Officers an attitude of passing "fair and judicious" assessment orders. 

The Report makes for interesting reading because there are several other important suggestions made by the Committee to reform the tax administration of the Country.

(Click Here To Read More)

 

Regards,

 

Editor,

 

itatonline.org

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