CBDT INSTRUCTION NO
10/2013,
F.No. 225/107/2013/ITA.II
Date: August 5, 2013
SELECTION CRITERIA FOR SCRUTINY CASES FINANCIAL YEAR 2013-14: SECTION 143 OF THE INCOME-TAX ACT, 1961 - ASSESSMENT - GENERAL - PROCEDURE AND CRITERIA FOR SELECTION OF SCRUTINY CASES UNDER COMPULSORY MANUAL SELECTION OF RETURNS DURING FINANCIAL YEAR 2013-14
SELECTION CRITERIA FOR SCRUTINY CASES FINANCIAL YEAR 2013-14: SECTION 143 OF THE INCOME-TAX ACT, 1961 - ASSESSMENT - GENERAL - PROCEDURE AND CRITERIA FOR SELECTION OF SCRUTINY CASES UNDER COMPULSORY MANUAL SELECTION OF RETURNS DURING FINANCIAL YEAR 2013-14
Subject: Procedure and criteria for
selection of scrutiny cases under compulsory manual during the financial-year
2013-2014-regd.
In suppression of earlier instructions
on the above subject, the Board hereby lays down the following
procedure and criteria for manual selection of returns/cases for
scrutiny during the financial-year 2013-2014:
2. The targets for completion of
scrutiny assessments and strategy of framing quality assessments as contained
in Central Action plan document for Financial Year 2013-2014 has to be complied
with. It is being reiterated that all scrutiny assessments including the cases
selected under manual criteria will be completed through AST system software
only.
3. The following categories of
cases / returns shall be compulsorily scrutinized:-
a) Cases where value
of international transaction as defined u/s 92B of IT
Act exceeds Rs. 15 crores.
b) Cases involving addition in
an earlier assessment year on the issue of transfer pricing in excess of
Rs. 10 Crores or more which is confirmed in appeal or is pending before an
appellate authority.
c) Cases involving addition in an
earlier assessment year in excess of Rs. 10 lacs on a substantial and
recurring question of law or fact which is confirmed in appeal or is pending
before an appellate authority.
d) all assessments pertaining to
Survey under section 133A of the IT Act excluding the cases where there
are no impounded books of accounts/documents and returned income excluding any
disclosure made during the Survey is not less than returned income of
preceding assessment year. However, where assessee retracts the disclosure made
during the Survey will not be covered by this exclusion.
e) Assessment in search and seizure
cases to be made under sections 158B, 158BC, 158BD, 153A & 153C read with
143(3) of the IT Act.
f) All returns filed in response to
notice u/s 147/148 of the IT Act.
g) Cases claiming exemption of
income u/s 11 or u/s 10(23C) which are hit by proviso(s) to Section
2(15) of IT Act.
h) Entities which received
Donations from countries abroad in excess of Rs. One crore during the Financial
Year 2011-2012 (relevant for the A.Yr. 2012-2013) under the provisions of
Foreign Contribution Regulation Act (FCRA). Such Information is maintained by
Ministry of Home Affairs and is available on
its Website (http://mha.nic.in/fcra.htm). Respective
Cadre-Controlling chief Commissioners / Directors – General of Income-tax may
identify the cases pertaining to their respective jurisdiction after downloadingfrom
the website and disseminate the information to various field offices.
i) Cases in respect of
which information is received from other Government Department(s) or
other authorities pointing out tax-evasion. The Assessing Officer
shall record reasons in such cases and take approval from jurisdictional
CCIT/DGIT before selecting such case for scrutiny.
4. In order to ensure the quality of
assessment orders, CCsIT/DGsIT would evolve suitable monitoring
mechanism. They shall analyse at least 50 quality assessments of their
respective charges and send the report to respective Zonal Member with copy to
Member (IT) with suggestions for improvement by 30th April,
2014. CCsIT/DGsIT would further ensure that cases selected
for publication in ‘let us share’ are picked up from quality
assessments as reported.
5. These Instructions may be brought to
the notice of all concerned.
To Download Official Notification Click Here
Get Sudycafe's Updates by SMS in your mobile by Following below two Steps:
2. Send a SMS, Type: JOIN CASTUDYCAFE & send to 9219592195
Subscribe to Studycafe by Email
0 comments:
Post a Comment