I/we..... the Bond

By Vijay Kumar

AN assessee informed us about a pathetic joke in one of the LTUs. An assessee filed a B-1, General Bond for acceptance. The Bond format starts with 'I/We ........”

The assessee filled it up as I/We, XYZ Ltd..... The officers did not accept the bond and told the assessee that he should have written I, XYZ/We XYZ.......! This is true!