gtag('config', 'UA-154374887-1');

​Guidelines for Compulsory Selection of Returns for Complete Scrutiny Assessment during FY 2020-21

guidelines-for-compulsory-selection-of-returns-for-complete-scrutiny-assessment-during-fy-2020-21

CBDT has laid down guidelines for compulsory selection of returns for scrutiny assessment during the Financial Year 2020-21. In a communication dated 17.09.2020, CBDT said that these guidelines have been prepared keeping in view of Faceless Assessment Scheme, 2020 and difficulties being faced amid COVID-19 pandemic.


The guidelines prescribe the following parameters for compulsory selection of returns for Complete Scrutiny during Financial Year 2020-21 and conduct of assessment proceedings in such cases-


Cases pertaining to survey u/s 133A 


In the case of impounded material, the jurisdictional AO shall issue the notice u/s 143(2) and then the case shall be transferred to Central Charges within 15 days of issue of notice under section 143(2).


In the case where there is no impounded material, the jurisdictional AO shall issue the notice u/s 143(2) and then the assessment proceedings shall be conducted by the NeAC.


Cases pertaining to Search and Seizure


Further assessment in cases pertaining to search and seizure, if lying outside Central Charges, shall be transferred to Central Charges under section 127 within 15 days of issue of notice under section 143(2) for compulsory selection.


Cases in which notices u/s 142(1), calling for return, have been issued


The assessment shall be done by the NeAC even if the notice is issued by the jurisdictional Assessing Officer.


Cases in which notices u/s 148 of the Act have been issued


The jurisdictional Assessing Officer shall issue the necessary notices u/s 142(1) or u/s 143(2). The assessment proceedings shall be conducted by the NeAC.


Cases related to registration/approval under various sections of the Act, such as 12A, 35(1)(ii)/(iia)/(iii), 10(23C), etc. 


After the issue of notice u/s 143(2) by the jurisdictional Assessing Officer for compulsory selection, assessment proceedings will be conducted by the NeAC.


The communication further mandates that the exercise of the selection of cases for compulsory scrutiny on the basis of defined parameters shall be completed by 30th September 2020.


The Faceless Assessment Scheme, 2020 notified on 13.08.2020 has included the assessment under section 147 within the purview of faceless assessment. In faceless assessment, the assessment is conducted by NeAC and not by the jurisdictional assessing officer. In this proceedings, the entire assessment is done electronically without requiring the assessees to visit the income tax department and thus eliminates the physical interface between the assessee and the assessing officer.


Read the full text of the CBDT guidelines for Compulsory Selection of Returns for Complete Scrutiny during FY 2020-21

 

Post a comment

0 Comments