9911796707
TMI BlogGuidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2024-25 — procedure for compulsory selection in such casesX X X X Extracts X X X X X X X X Extracts X X X X ..... to detection of specific information/ material pointing out tax evasion. The cases shall be selected for compulsory scrutiny with prior administrative approval of Pr. CIT/Pr.DIT/CIT/DIT concerned, who shall ensure that such cases are transferred to Central Charges u/s 127 of the Act within 15 days of service of notice u/s 143(2) of the Act by the Jurisdictional Assessing Officer (JAO) concerned. ( For Assessing Officers in International Taxation and Central Circle charges: refer Para 4.1 at Page No. 05 ) (2) Cases pertaining to Search and Seizure (i) Search seizure/ requisition prior to 01.04.2021 : Assessments in search seizure cases to be made under Section 153C read with section 143(3) of the Act, and also for return filed for assessment year relevant to previous year in which the search was conducted u/s 132 or requisition was made u/s 132A of the Act. The cases shall be selected for scrutiny with prior administrative approval of Pr. CIT/Pr. DIT/CIT/DIT concerned, who shall ensure that such cases are transferred to Central Charges u/s 127 of the Act within 15 days of service of notice u/s 143(2) / 142(1) of the Act by the Jurisdictional Assessing Officer concerned. Where such c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d by NaFAC on or before 31.03.2025 , Jurisdictional Assessing Officers (JAOs) shall upload the underlying documents, on the basis of which notice u/s 148 was issued, on ITBA, for access by NaFAC. The Directorate of Income-tax (Systems) shall forward these cases to NaFAC, which will take further necessary action. Notice u/s 143(2) / 142(1) of the Act calling for information shall be served on the assessee through NaFAC. ( For Assessing Officers in International Taxation and Central Circle charges: refer Para 4.1 at Page No. 05 ) (5) Cases related to registration/ approval under various sections of the Act, such as 12A , 12AB , 35(1)(ii)/ (iia)/ (iii) , 10(23C)(iv)/(v)/(vi)/(via) , etc. Cases where registration /approval under various sections of the Act, such as section 12A , 12AB , 35(1)(ii)/(iia)/(iii) , 10(23C)(iv)/(v)/ (vi)/(via) , etc. have not been granted or have been cancelled/withdrawn by the Competent Authority, yet the assessee has been found to be claiming tax-exemption/deduction in the return. However, where such orders of withdrawal of registration/approval have been reversed/set-aside in appellate proceedings, those cases will not be selected under this clause. The Ju ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ority/ Agency, etc.) ; and (b) the return for the relevant assessment year is furnished by the assessee. The Jurisdictional Assessing Officers (JAOs) shall prepare a list of cases falling under this parameter with prior administrative approval of Pr.CIT/ Pr.DIT/CIT/DIT concerned. The consolidated list of such cases shall be submitted by the Pr.CIT/ Pr.DIT/ CIT/DIT to the Pr.CCIT concerned. Pr.CCIT concerned shall forward this list of cases to Directorate of Income-tax (Systems). Notice u/s 143(2) of the Act shall be served on the assessee through NaFAC. The Jurisdictional Assessing Officers shall upload the underlying documents containing specific information regarding this parameter immediately. ( For Assessing Officers in International Taxation and Central Circle charges: refer Para 4.1 at Page No. 05 ) 3. It is clarified that where return has been furnished in response to notice u/s 142(1) of the Act and such notice u/s 142(1) of the Act was issued due to the information contained in NMS Cycle/ AIS/ Statement of Financial Transactions (SFT)/ CPC-TDS information/information received from Directorate of I CI, such return will not be taken up for compulsory scrutiny. Selection of s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ansfer of cases, for actions related to cases under Parameters at S.No.4(ii), 5, 6 and 7 of Para 2 above, wherein assessments have to be completed in faceless manner, to NaFAC. 31.05.2024 2. Service of Notice u/s 143(2) of the Act in cases selected for Compulsory Scrutiny 30.06.2024 6. These instructions may be brought to the notice of all concerned for necessary compliance. (Dr. Castro Jayprakash.T) Under Secretary to Government of India F. No. 299/107/2013-IT(Inv.III)/1568 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi; dated 25 April, 2014 To, All the Principal Chief Commissioners of Income Tax All the Directors General of income Tax(Inv.) All the Chief Commissioners of Income Tax (Central) Sir/Madam, Sub: Transfer/Centralization of non-search cases under section 127 of the IT Act, 1961 Ref: Board s Guidelines under F. No. 286/88/2008-IT(Inv.II) dated 17.09.2008 on centralization of search cases I am directed to refer to the above and to say that based upon the aforesaid guidelines dated 17.09.2008 some of the CCsIT have raised doubts as to whether only search cases can be centralized/transferred u/s 127 of the IT Act, 1961. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
