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TMI BlogGuidelines for selection of cases for scrutiny during Financial Year 1997-98.X X X X Extracts X X X X X X X X Extracts X X X X ..... ts requiring compulsory scrutiny u/s. 44AD or 44AE of the Act; iv) Any other assessment where scrutiny is recommended by the Investigation Wing based on information in their possession; v) Cases of assessees having turnover exceeding Rs. 100 crores in CCIT, Mumbai region and turnover in excess of Re. 25 crores in other CCIT regions; vi) Cases where there is an increase in share/capital or introduction of share application money and/or unsecured loan of Rs. 1 crore or more in aggregate during the relevant previous year. 1.2 Class 'B' (Sample Scrutiny Cases) : After selection of cases for compulsory scrutiny under class 'A' and information based, scrutiny under Class 'C' and after excluding exceptions provided in Para 1.2.7 below th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... essment year 1996-97; b) the total income for assessment year 1996-97 and 1997-98 exceeds the basic exemption limit. c) the total income for the assessment year 1996-97 does not exceed Rs. 10 lakhs. d) taxes including interest as per return of income for the assessment year 1997-98 are fully paid before the return is filed for that year. The exemption provided in Clause (iii) above shall not be applicable in cases of Corporate Assessees. iv) All cases where returns of income have been filed under proviso to Section 139(1); v) Cases of individuals resident in India, who are of the age of sixty five years or more at any time during the previous year, subject to the condition that the returned/income is less than Rs. 5 lakhs and th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . the returns left after selection of cases for compulsory scrutiny, sample scrutiny and information based scrutiny referred above as Class 'A', 'B' and 'C' respectively) falling within the jurisdiction of DCIT (Special Range) and all the returns of corporate assessees shall be examined for limited scrutiny in terms of C.B.D.T. Instruction No. 1938 dated 17-5-96. 3. For the purpose of selection of sample scrutiny cases assessed with DCIT (Special Range), the random number shall be given by the CIT concerned. In respect of cases assessed with ACsIT/ITOs, the random number shall be given by the Range DCIT/Addl. CIT. For this purpose, the returns shall first be serially numbered according to the acknowledgement number assigned to the returns ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ould be undertaken where the assessee prima facie is liable under the Wealth-tax Act, further follow up action should be initiated by calling the wealth-tax return. If the prima-facie examination does not indicate any liability of the assessee under the Wealth-tax Act, a note in this regard may be placed on the file. 8. These guidelines will be applicable in respect of returns of income filed on or after 1-4-1997. 9. Regarding pending returns and assessments -- In view of the new income limits fixed for jurisdiction of assessing officers in company charges, as referred to in para 1.2 above, the CCIT/DGIT may ensure that cases as per new limits are reallocated immediately so as also to conform to the revised work norms for disposal of ca ..... X X X X Extracts X X X X X X X X Extracts X X X X
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