Online verification of cash transactions classifies records as acceptable or non acceptable and quantifies undisclosed income electronically. SOP requires Assessing Officers to perform fully electronic verification of demonetisation related cash transactions via the e filing and ITBA/AIMS platforms: taxpayers view records, submit online explanations and evidence, and AOs must mark each record as Acceptable or Non Acceptable, quantify undisclosed income for non acceptable records, request additional information through the portal, secure prescribed supervisory approvals online, and escalate unresolved or non compliant matters for further action including statutory measures.
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.
Online verification of cash transactions classifies records as acceptable or non acceptable and quantifies undisclosed income electronically.
SOP requires Assessing Officers to perform fully electronic verification of demonetisation related cash transactions via the e filing and ITBA/AIMS platforms: taxpayers view records, submit online explanations and evidence, and AOs must mark each record as Acceptable or Non Acceptable, quantify undisclosed income for non acceptable records, request additional information through the portal, secure prescribed supervisory approvals online, and escalate unresolved or non compliant matters for further action including statutory measures.
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