Appraisal report under New Scheme of search assessments - Income Tax - F. No. 286/154/95-IT (Inv. II)

F. No. 286/154/95-IT (Inv. II) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Date of Issue : 12.03.1996 To All Directors of income-tax (Inv.), By name Sub : Appraisal report under New Scheme of search assessments Sir, I am directed to enclose herewith a proforma of the Appraisal Report incorporating the suggestions received from field formations for implementation and necessary action at your end. In the event of any difficulty being observed in implementation, the same may be brought to the notice of the Board. Yours faithfully, Sd/ (Mrs. Pragya Sahay) Under Secretary to the Govt. of India Encl : As above. DRAFT PROFORMA Appraisal report under new scheme of search assessment* (To be sent before 60th day of commencement of search) Please see CBDT s Instruction No. 1927 dated 21.7.95 1. Name and address of the group 2. Introductory Remarks (Brief History of the case) Gist of allegation leading to the search 3. Assessees covered by Sections 158BA(1) and 158BC (i) Name and address (ii) Dates of commencement (iii) Completion (iv) Limitation for assessment (v) Status (vi) PAN (vii) Assessing Officer 4. Particulars of other assessees in the group/concerned cases Name and address Relationship officer Status GIR/PAN Assessing 5. Premises covered u/s 133A in connection with the search action 6. Details of assets found/seized in each of the premises Assets Found Assets Seized Premises Cash Jewels/ Bullion Others* Cash Jewels Others Valuable articles, things entry in books of A/cs other documents, trans-actions which represent income or property which has not been and would not have disclosed for the purpose of the Act (Re. 158B(b) 7. Analysis of seized materials- Identification of incriminating entries in books of a/c documents computer printouts along with analysis thereof 8. Discussion of Modus Operandi followed by A , breakup and analysis of the evaded income admitted during and/or after the search 9. Preliminary reasonable estimate of undisclosed income head wise - (u/s 68, 69 69 A, B, C) and its correlation with the assets, investment, consumption expenditure etc. 10. Specific suggestion for further follow-up enquiry/investigation by the Assessing Officer (Point-wise/ Issue wise) 11. Conclusion (i) Prosecution potential. Please indicate nature of offence and evidence available (ii) Details of sensitive documents to be in personal custody of A.O. 12. Comments and observation of DD/DIT especially in regard to (9) (10) above