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Selection of corporate cases for scrutiny mandates mandatory categories, timelines and computer-assisted selection systems for returns. Procedure mandates timebound selection of corporate returns for scrutiny, designating specified categories for compulsory scrutiny including search and seizure and survey cases; returns with large deductions or refund claims; significant prior additions sustained on appeal; banks, PSUs, major listed companies, companies taxed on book profits, large international transactions, non-resident underreported returns, NBFCs and investment companies above capital thresholds, stockbrokers with high brokerage or large bad debt claims, amalgamated companies claiming set offs, export deduction cases with high turnover, and large contractors. Assessing Officers may select other cases with written reasons and prior approval; reassessment response returns are to be selected; automated selections will be run through the Computer Assisted Scrutiny System within prescribed timelines.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Selection of corporate cases for scrutiny mandates mandatory categories, timelines and computer-assisted selection systems for returns.
Procedure mandates timebound selection of corporate returns for scrutiny, designating specified categories for compulsory scrutiny including search and seizure and survey cases; returns with large deductions or refund claims; significant prior additions sustained on appeal; banks, PSUs, major listed companies, companies taxed on book profits, large international transactions, non-resident underreported returns, NBFCs and investment companies above capital thresholds, stockbrokers with high brokerage or large bad debt claims, amalgamated companies claiming set offs, export deduction cases with high turnover, and large contractors. Assessing Officers may select other cases with written reasons and prior approval; reassessment response returns are to be selected; automated selections will be run through the Computer Assisted Scrutiny System within prescribed timelines.
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