Compulsory Selection of ITR’s for Complete Scrutiny during FY 2023-24

CBDT Directions on Compulsory Selection of ITR’s for Complete Scrutiny during FY 2023-24

The Central Board of Direct Taxes releases directions for the mandatory selection of Income Tax returns for Complete Scrutiny during the Fiscal Year 2023-24, as well as the method for the mandatory selection of Scrutiny.

The following are the parameters for the mandatory selection of results for Complete Scrutiny:

• Cases involving searches, seizures, and requisitions under the Income Tax Act of 1961.
• Where an income tax return is not filed in response to a notice given under section 142(1) of the Income Tax Act 1961.
• When any law-enforcement agency (Investigation Wing/ Regulatory Authority/ Agency, etc.) provides concrete information indicating tax evasion for the applicable AY.
• When the Income tax Assessee is discovered to be claiming tax deduction/ exemption in the return U/s 12AB, 12A, 35(1)(ii)/(iia)/(iii), 10(23C), and so on without registration/approval from the income tax office.

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