Guidelines Compulsory Selection of Income Tax Returns for Complete Scrutiny during FY 2023-24
Central Board of Direct Taxes issues guidelines for compulsory selection of ITR Returns for Complete Scrutiny during the FY2023-24 along with the compulsory selection of Scrutiny procedure,
Compulsory selection Parameters of returns for Complete Scrutiny as mention below: -
- Where specific information has been received pointing out tax- evasion for the relevant AY is provided by any law-enforcement agency, (Regulatory Authority/ Investigation Wing/Agency, etc.).
- Where the assessee has been found to be claiming tax-exemption/deduction in the return under section 12AB, 12A, 10(23C), 35(1)(ii)/ (iia)/ (iii),etc. without approval or registration granted by the income tax authority.
- Where ITR not filed in response to the notice issued u/s 142(1) under ax law.
- Cases pertaining to Search, Survey, Seizure & Requisition under Tax Law.