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TMI BlogProcedure for Selection of cases for "Scrutiny" for NON-CORPORATE AssesseesX X X X Extracts X X X X X X X X Extracts X X X X ..... rlier Instructions on the above subject, the Board hereby lays down the following procedure for selection of returns/cases of Non-Corporate Assessees for Scrutiny during the current financial year, i.e., 2004-05. 2. The following categories of cases/returns shall be compulsorily scrutinized:— ( a ) All assessments pertaining to search seizure. ( b ) All assessments pertaining to surv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tax. ( g ) All cases of banks and Non-banking Financial Institutions with deposits of Rs. 5 crores and above. ( h ) All cases where the proviso to section 143(3) is applicable. ( i ) All cases where exemption is claimed under section 11 of IT Act and the gross receipts exceed Rs. 5 crores. ( j ) All cases where income exceeding Rs. 2 lakhs has been claimed as exempt. ( k ) C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th export turnover exceeding Rs. 5 crores. ( q ) All cases of contractors whose gross contract receipts exceed Rs. 2 crores and net income declared is less than 5% of gross contract receipts. 3. Cases not falling in the above categories and where the Assessing Officer is of the opinion that scrutiny is required for specific reasons, viz. cases of builders/contractors following project comp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... determined by the Board and the process, which will be run by the Central System, will be completed in the first week of October 2004. Separate instructions in this regard will be issued by the Directorate of Income-tax (Systems). - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - T ..... X X X X Extracts X X X X X X X X Extracts X X X X
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