Income Tax - CAG Audit Objections - Strengthening the role of Supervisory Authorities
CBDT notes that it is a matter of concern that despite a comprehensive procedure prescribed through Instruction for action at different stages of Audit Objections, settlement track record is unsatisfactory and remedial action is delayed. There is also a need to provide that Internal Audit should normally precede Revenue Audit. It has, therefore, been' decided to fine tune the procedure and strengthen the role of supervisory authorities and CIT (Audit).
CBDT has now specified the role of CCITs and CITs in dealing with CAG Audit objections.
CBDT has issued similar instructions with regard to internal audit in Instruction No. 15/2013 dated 18.09.2013. Please see - 22 10 2013.
CBDT Instruction No. 16/2013, Dated: October 31 2013.