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TMI BlogScrutiny guidelines for Corporate assessees.X X X X Extracts X X X X X X X X Extracts X X X X ..... stations other than 60 cities on computer network, (d) (i) AH returns where refund claimed is Rs.5 lakh or above in stations other than 60 cities on computer network. (ii) In cases of foreign companies, the refund limit for selecting a case for scrutiny shall be decided by the DGIT (International Taxation). (c) (i) All cases in which the CIT (Appeals) or ITAT has confirmed an addition / disallowance of Rs.5 lakh or above in any preceding Assessment Year and identical issue is arising in the current year. But if the issue involves a substantial question of law, the case may be picked up for scrutiny irrespective of the quantum of tax involved. However, if the addition has been deleted by a superior appellate authority and the Departme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nsfer Pricing Audit carried out in the earlier year had led to an adjustment / addition to the total income as a result of the order passed by the TPO. (k) Ail Non-Banking Financial Corporations (NBFCs) / Investment Companies having paid-up capita] of more than Rs.10 crore, (I) All case of stockbrokers (including sub-brokers) where brokerage received is disclosed at Rs. 1 crore or above and total income declared is less than 10% of such brokerage. (m) All cases of stockbrokers (including sub-brokers) in which bad debts of Rs.10 lakh or more have been claimed. (n) Cases of amalgamated companies claiming set off of loss u/s 72A of the IT Act. (o) All cases of deduction under sections 10A and / or JOB of the IT, Act with export turno ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lving substantial question of law. 3. In addition to above, where the CCIT/ DGIT (International Taxation) / DGIT (Exemptions), on a matter having been brought to his notice by an authority below, is satisfied that the case needs to be taken up for scrutiny, the CCIT/ DG1T (International Taxation) / DGIT (Exemptions), for reasons to be recorded in writing, may approve the selection of the case for scrutiny. However, selection of cases under this provision should be made keeping in view the following:- (iii) Total number of cases selected for scrutiny during the year docs not ordinarily exceed 2% of total number of returns filed /pending during the year; and (iv) At least 80% of all the cases picked up for scrutiny are assessed by 28. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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