Procedure for Selection of Cases for Scrutiny for Corporate Assessees - Income Tax - 13

Instruction No : 13 Date of Issue : 31-10-2003 Subject : Procedure for Selection of Cases for Scrutiny for Corporate Assessees In continuance of the Instruction No. 10/2003, dated 26th September, 2003, on the above subject. I am directed to state the procedure for selection of cases of Corporate Assessees being assessed with the Directorates of International Taxation during the current financial year 2003-2004. 2. Random selection Cases are to be selected on random basis from the list of companies as contained in the Return Registers. These cases may be segregated into two categories : (i) companies whose paid up capital exceeds Rs. 1 crore; (ii) companies having a paid-up capital of Rs. 1 crore and below. These cases may be arranged chronologically in two separate lists. In case of companies whose paid up capital exceeds Rs. 1 crore one out of every four cases is to be selected for scrutiny out of the list so prepared, i.e., serial Nos. 1, 5, 9..... In case of companies having a paid-up capital of Rs. 1 crore and below, one out of every 15 cases is to be selected for scrutiny out of the list so prepared, i.e., serial Nos. 1, 16, 31.... 3. These instructions my be brought to the notice all concerned.