ISLAMABAD, March 13: The Auditor General of Pakistan (AGP) has identified irregularities of more than Rs27.535 billion in income tax collection by the Central Board of Revenue (CBR) during the year 2001-02.

The AGP report has been sent to the National Assembly Standing Committee on Public Accounts for recommendation of necessary action.

According to the report in the audit of income tax, Rs2.48 billion irregularity was identified due to wrong amendment to the assessment made in four cases; Rs1.505 billion loss was suffered as a result of short levy of tax due to wrong computation of income; Rs388.629 million due to excess payment of advance tax and credits of tax and Rs161.901 million due to non-assessment of income from other sources.

Similarly, the report says that Rs79.036 million irregularity occurred due to non-assessment of deemed income; Rs71.219 million because of short levy of minimum tax; Rs44.719 million due to short levy of tax which resulted because of non-allocation of proportionate expenses; Rs35.990 million due to non-taxation of income; Rs20.109 million due to non-assessment of bonus shares; Rs14.095 million due to short levy of tax as a result of wrong determination of exemption period and Rs4.078 million also because of short levy of tax.

It was further stated in the AGP report that Rs2.809 million irregularity resulted because the assessment was made under section 80C instead of section 62 of the income tax ordinance 1979. An amount of Rs1.306 million loss resulted due to wrong assessment of tax liability; Rs0.830 million as a result of excessive determination of refund; Rs0.325 million due to short levy of tax which occurred because a wrong appeal effect was given; Rs0.317 million due to under-assessment of income; Rs0.134 million due to income not assessed; Rs0.115 million as a result of non-taxation of trading liability and Rs0.111 million due to non-taxation of expenses.

Similarly, Rs1.717 billion irregularity had been detected which occurred because of short levy of tax due to allowance of inadmissible expenses. An amount of Rs227.431 million loss was suffered because provision of section 80C were not invoked; Rs218.997 million loss was again suffered because provision of section 52 were not invoked and Rs34.113 million irregularity was detected which occurred due to non-invoking of the provision of section 52A.

An amount of Rs15.3 million loss occurred due to short levy of tax on contracts, supplies and commercial imports; Rs4.334 million due to non-levy of tax under section 80CC; Rs3.234 billion as a result of under-assessment of income due to incorrect grant of initial depreciation allowance; Rs781.343 million due to short levy of tax on granting of inadmissible depreciation allowance; Rs117.477 million due to non-levy of additional tax; and Rs36.087 million due to non-levy of additional tax for non-payment of tax liability.