The Comptroller and Auditor General of India conducts the audit of revenues from direct taxes of the Union Government under section 16 of the Comptroller and Auditor General of India (Duties, Powers and Conditions of Service) Act 1971.
Nine hundred and sixty one observations with a tax effect of Rs. 1,749.97 crore were issued to the Ministry as individual draft paragraphs, including 542 observations involving revenue impact of Rs. 1,085.32 crore that has arisen from local audit conducted in earlier years. Nine hundred and eighteen observations involving revenue impact of Rs. 1,663.50 crore have been included in this report. There was loss of revenue of Rs. 1,354.33 crore due to timely remedial action not being taken in 3,593 cases.
The report for the year ended March 2007 has been prepared for submission to the President under Article 151(1) of the Constitution of India.
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