Clause 157 - Notice for scrutiny assessment - Direct Taxes Code Bill, 2009

Notice for scrutiny assessment 157. (1) For the purposes of making a scrutiny assessment under this Code, the Assessing Officer shall serve on any assessee a notice requiring him, on a date to be specified therein,- (a) to attend his office or to produce, or cause to be produced, any evidence, if any, on which the assessee may rely in support of the return or case; (b) to produce, or cause to be produced, such accounts or documents (not relating to a period more than three years prior to the relevant financial year) as the Assessing Officer may require; or (c) to furnish in writing, and verified in the prescribed manner, information in such form and on such point or matter (including a statement of all assets and liabilities of the assessee, whether included in the accounts or not) as the Assessing Officer may require. (2) However, the Assessing Officer shall obtain the previous approval of the Joint Commissioner before requiring the assessee to furnish the statement of all his assets and liabilities not included in the accounts for the relevant financial year. (3) The Assessing Officer may make such inquiry, as he considers necessary, for the purposes of obtaining full information in respect of tax bases of any person for the relevant financial year. (4) For the purposes of this section an assessee means- (a) an assessee whose return, or case, has been selected for scrutiny assessmentunder section 156; or (b) an assessee who has been served with a notice under section 166.