Circular for Modification of Instruction with Fresh Guidelines and Procedures for dealing with Revenue Audit objections issued

The guidelines and procedure for attending to objections raised in the course of audit of assessment work by the Comptroller and Auditor General of India (Revenue Audit) are laid down in the Instruction No of 2006 issued by the Central Board of Direct Taxes (CBDT).  The Instruction inter-alia mandates the initiation of remedial action in…