Recovery of Arrears of Tax Demand of the Income Tax Department

Recovery of IT The CAG conducted performance audit of Recovery of Arrears of Tax Demand of the Income Tax Department and the report Number 23 of 2011-12 was laid on the table of the Lok Sabha/Rajya Sabha on 16-12-2011. In the report, the CAG 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

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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