The great Dispute Machine - What does Commissioner's Acceptance mean?

It is very true that whenever the information is being sought by the board, it is the assessee who suffers. Moreover, the reporting mechanism should be organised so that the same information is not demanded again and again. For example, the practice of giving revenue figures to the revenue department should be done away with because it amounts to double submission of information that is ultimately submitted by the assessee in their monthly ER-1 return. As such, the practice of submitting revenue figures is yet another example of unnecessary reporting requirement to be complied by the assessee which can be avoided. Moreover, the urgency of submitting the said information on the 1st of every month pressurizes the assessee to postpone every important work.

Pradeep Jain Jain 15/10/2014