14 (1) The assessing authority shall maintain record of Treasury Challans marked as B received from link banks in form II and shall reconcile with the copy of the Treasury Challan marked as C submitted by the dealer.

(2) If the assessing authority discovers any discrepancy between the copy of the Treasury Challans obtained from link bank and submitted by the dealer, he shall take the necessary steps regarding security of the revenue and also other actions as required by any other law for time being in force.

(3) The assessing authority shall send to the Officer-incharge of the treasury or sub-treasury a statement in Form III for verification of revenue receipt in the first week of every month

(4) If any discrepancy is discovered at the time of verification, the assessing authority shall send necessary records to the treasury or sub-treasury for reconciliation of accounts.