Instructions under section 119 of the Income-tax Act, 1961 regarding uploading of information on the VRU functionality on Insight portal for implementation of risk management strategy - for issue of notice u/s 148 of the Income-tax Act, 1961.

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..... e Department of Revenue Central Board of Direct Taxes North Block, New Delhi Dated 10 December, 2021 To, All Principal Chief Commissioners of Income Tax, All Chief Commissioners of Income Tax Madam/Sir, Instructions under section 119 of the Income-tax Act, 1961 regarding uploading of information on the VRU functionality on Insight portal for implementation of risk management strategy - fo .....

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..... n under section 148 of the Act, for uploading on the Verification Report Upload (VRU) functionality on Insight portal: (i) Information from any other Government Agency/Law Enforcement Agency (ii) Information arising out of Internal Audit objection, which requires action u/s 148 of the Act (iii) Information received from any Income-tax Authority including the assessing officer himself or hers .....

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..... been confirmed at any stage of appellate process in favor of revenue and assessee has not filed further appeal; or 3. has been confirmed at the l' stage of appeal in favor of revenue or subsequently; even if further appeal of assessee is pending, against such order. 5. As per the provisions of section 149(1)(b) of the Act, in specific cases where the Assessing Officer has in his possession .....

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..... ing or both, shares and securities, loans and advances, deposits in bank account. 5.1. In view of the above, it is directed that the information pertaining to Assessment Year 2015-16, which requires action u/s 148 of the Act shall be identified and uploaded on the VRU functionality on insight portal only as per the provisions of section 149(1)(b) of the Act. 6. The above exercise of identifying .....

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