The Central Board of Direct Taxes (CBDT) has issued Instruction No. 2/2024 , outlining a new Standard Operating Procedure (SOP) for addressing internal audit objections.
These new instructions replace earlier guidelines, including Instruction No. 6/2017, and are designed to enhance audit efficiency, accountability, and compliance within the tax system.
The internal audit mechanism has been established to prevent errors, ensure timely remedy and for enhancing the quality of assessments. These instructions take effect immediately and will also apply to pending internal audit objections.
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