The Central Board of Direct Taxes (CBDT) on Thursday issued the Guidelines for compulsory selection of returns for Complete scrutiny during the Financial Year 2021-22.
In the case pertaining to Survey under Section 133A after the issue of notice u/s 143(2) of the Act by the Jurisdictional Assessing Officer for compulsory selection, cases selected for re compulsory scrutiny which has impounded material, shall have to be transferred to Central Charges u/s 127 of Ot the Act within 15 days of issue of notice u/s 143(2) of the Act. After the issue of notice u/s 143(2) of the Act by the Jurisdictional Assessing Officer ed for compulsory selection, assessment proceedings in respect of cases selected for compulsory scrutiny and where there is no impounded material will be conducted by National Assessment Centre (NaFAC). The Assessing Officer shall upload the Survey Report in the ITBA at the time of issue of notice u/s 143(2) of the Act. In cases of search and seizure if the case is falling u/s 153C, if lying outside Central Charges, the Jurisdictional Assessing Officer is required to issue notice u/s 143(2) in cases where return is furnished u/s 153C or 142(1) calling for information in cases where no return is furnished u/s 153C. Such cases shall be transferred to Central Charges u/s 127 of the Act within 15 days of issue of notice u/s 143(2) or 142(1) of the Act. In cases where no return has been furnished in response to a notice u/s 142(1) of the Act, these cases will be taken up for compulsory scrutiny by NaFAC. Cases where return has been furnished in response to notice u/s 142(1) of the Act and where notice u/s 142(1) of the Act was issued due to the information contained in NMS Cycle/AIR information/information received from Directorate of 1&CI. These cases will not be taken up for ice u/s compulsory scrutiny and the selection of such cases for scrutiny will be through CASS mation cycle. Cases where return has been furnished in response to notice u/s 142(1) of the Act and where notice u/s 142(1) of the Act was issued due to the specific information received from Law Enforcement Agencies, including Investigation the Wing; Intelligence/Regulatory Authority/Agency; Audit Objection; etc. After the issue of notice u/s 143(2) of the Act by the Jurisdictional Assessing Officer specific for compulsory selection, assessment proceedings in such cases will be conducted by NaFAC. Cases where no return has been furnished in response to notice u/s 148 of the Act, Jurisdictional Assessing shall issue notice u/s 142(1) of the Act, calling for information regarding the issues on the basis of which notice u/s 148 was issued, subsequent to which, assessment proceedings in such cases will be conducted by NaFAC. Cases where return is furnished in response to notice u/s 148 of the Act, after the issue of notice u/s 143(2) of the Act by the Jurisdictional Assessing Officer for compulsory selection, assessment proceedings in such cases will be conducted by NaFAC. In the cases related to registration/approval under various sections of the Act, such as 12A, 35(1)(ii) or (iia) or (iii), 10(23C), etc. after the issue of notice u/s 143(2) of the Act by the Jurisdictional Assessing Officer for compulsory selection, assessment proceedings in such cases will be conducted by NaFAC. “The exercise of selection of cases for compulsory scrutiny on the basis of the above parameters and service of notice u/s 143(2) of the Act will have to be completed by 30.06.2021. As per the amendments brought vide Finance Act, 2021, the time limit for service of notice u/s 143(2) of the Act is been reduced to three months from the month of the end of the Financial Year in which the return is filed,” the CBDT said.
The notification can be accessed at https://www.incometaxindia.gov.in/Lists/Latest%20News/Attachments/451/Guidelines_for_compulsory_selection_MiscComm_10_6_21.pdf
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