CBDT has released guidelines on 24.05.2023 for the compulsory selection of returns for Complete Scrutiny during the Financial Year 2023-24.
The cases are required to be selected for compulsory scrutiny assessment if the same are not selected for scrutiny under CASS. In other words, these cases will be selected on a manual basis for scrutiny assessments.
In the released guidelines, the Board has classified the cases for compulsory scrutiny assessment into 7 (seven) categories and laid down the parameters for selection & conducting assessment in the circumstances as described in the guidelines.
7 (seven) categories under which guidelines were issued for complete compulsory scrutiny assessment selection are as under -
1. Cases pertaining to survey u/s 133A
2. Cases pertaining to Search and Seizure
3. Cases where notices u/s 142(1) were issued for filing of return and no return is furnished
4. Cases in which notices u/s 148 of the Act have been issued
5. Cases related to registration/approval under sections 12A/12AB/35/10(23C)
6. Cases involving addition in an earlier assessment year(s) on a recurring issue of law and/or fact
7. Cases related to specific information regarding tax-evasion
It is also clarified that where return has been furnished in response to notice u/s 142(1) and such notice u/s 142(1) was issued due to the information contained in NMS Cycle/AIS/Statement of Financial Transactions (SFT)/ CPC-TDS information/information received from Directorate of I&CI, such return will not be taken up for compulsory scrutiny. Selection of such cases for scrutiny will be done through CASS cycle.
The time limit to issue the notice for scrutiny assessment for AY 2022-23 is 30th June 2023, hence, it is advised that in all the cases selected for Compulsory Scrutiny, service of Notice u/s 143(2) shall be completed within the statutory timeline of 30.06.2023.
Read the full text of the Guidelines for Compulsory Complete Scrutiny in Financial Year 2023-24
F.No.225/66/2023/ITA-II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
North Block, New Delhi, the 24th May, 2023
To
All Pr. Chief Commissioners of Income-tax/Chief Commissioners of Income-tax
All Pr. Director Generals of Income-tax/Director Generals of Income-tax.
Madam/Sir
Subject: Guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2023-24 - procedure for compulsory selection in such cases - regarding.
Kindly refer to the above.
2. The parameters for compulsory selection of returns for Complete Scrutiny during Financial Year 2023-24 and procedure for compulsory selection in such cases are prescribed as under:
……
……
(Castro Jay prakash.T)
Under Secretary (ITA-II), CBDT
Download the Guidelines for Compulsory Complete Scrutiny in Financial Year 2023-24 in PDf format
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