Survey powers: relax scrutiny where books not impounded and declared income meets prior-year levels, easing compliance. CBDT exempts certain taxpayers surveyed under Section 133A from scrutiny if accounts were not impounded, there is no retraction of declared income during the survey, and declared income excluding additional tax demanded is not less than the prior year, as a measure to encourage compliance and reduce harassment.
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Survey powers: relax scrutiny where books not impounded and declared income meets prior-year levels, easing compliance.
CBDT exempts certain taxpayers surveyed under Section 133A from scrutiny if accounts were not impounded, there is no retraction of declared income during the survey, and declared income excluding additional tax demanded is not less than the prior year, as a measure to encourage compliance and reduce harassment.
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