Verification check list for assistance of AOs for OCM cases and framing of assessment in demonetisation related cases

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..... 03.03.2017 issued vide F.No. 225/100/2017/ITA-II. 3. SOP dated 15.11.2018 issued vide F.No. 225/363/2017/ITA-II. 4. SOP dated 03.03.2019 issued vide F.No. 225/363/2017/ITA-II. 5. Internal Guidance Note dated 13.06.2019 issued vide F. No. 225/145/2019/ITA-II. Kindly refer to the above 2. In this regard, I am directed to state that the Board has earlier issued above referred SOPs/Instruction/Internal Guidance Note regarding handling of cases related to demonetisation. In continuation of the same, a Verification Checklist-cash deposits is enclosed herewith for providing assistance to AOs for verification of cash deposits and framing of assessment in demonetisation related cases. 3. This checklist-cash deposits may be filled up in all th .....

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..... .6 Assessment of explanation provided by the taxpayer * Explanation was acceptable * Explanation was partially acceptable * Explanation was not acceptable Select Response 2.7 Quantum of Unaccounted Deposits as determined by the AO. Business Case # Particulars Response Remarks 3.1 Regularity of Business * First time business return filer * Return filed first time one year before * Return filed first time two years before * Business Returns filed for last 3 year * None of the above Select Response 3.2 Nature of Business Select from standard list of Nature of Business Overall Assessment 3.3 Whether Cash Deposits appear in line with earlier Sales Profile * Very High * High * In line * Low * Very L .....

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..... a) and 5.1 (a) (b) Percentage increase between 5.2 (b) and 5.1 (b) 6. Analysis of month wise cash sales and cash deposits from 01.04.2015 to 08.11.2015 Month wise Op. cash in hand Cash sales Cash deposited in Bank Cash withdrawal from the bank Closing cash on hand April, 2015 May, 2015 June, 2015 July, 2015 August, 2015 September, 2015 October, 2015 November till 08.11.2015 7. Analysis of month wise cash sales and cash deposits from 01.04.2016 to 08.11.2016 Month wise Op. cash in hand Cash sales Cash deposited in Bank Cash withdrawal from the bank Closing cash on hand April, 2016 May, 2016 June, 2016 July, 2016 August, 2016 September, 2016 October, 2016 November till 08.11.2016 S.No. Fur .....

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