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of <h1>Section 148 Returns Post-Search Must Get Prior Approval and Transfer to Central Charges Within 15 Days</h1> Returns for compulsory scrutiny under section 148 of the Income-tax Act, 1961, issued following search and seizure or survey actions from April 1, 2021, must be selected for scrutiny with prior administrative approval and transferred to Central Charges under section 127 within 15 days of notice issuance. However, cases involving persons with limited or one-off financial transactions linked to the main searched assessee but not integrally connected or in the same business group are exempt from mandatory transfer to Central Charges unless specifically covered by earlier Board guidelines. This clarification ensures proper procedural compliance in handling such cases during the financial year 2023-24.
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