Search assessment reporting mandates a structured appraisal report identifying assessees, seized assets, undisclosed income and follow-up actions. Standardized appraisal report to be submitted within sixty days of commencement of a search requiring identification of group and assessees under Sections 158BA(1) and 158BC, particulars of premises covered under Section 133A, detailed inventory of assets found and seized, analysis of seized materials and incriminating entries, modus operandi and breakup of evaded income, preliminary head-wise estimate of undisclosed income under Sections 68, 69 and 69A-C, specific follow-up enquiry suggestions, prosecution potential and custody of sensitive documents.
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Provisions expressly mentioned in the judgment/order text.
Search assessment reporting mandates a structured appraisal report identifying assessees, seized assets, undisclosed income and follow-up actions.
Standardized appraisal report to be submitted within sixty days of commencement of a search requiring identification of group and assessees under Sections 158BA(1) and 158BC, particulars of premises covered under Section 133A, detailed inventory of assets found and seized, analysis of seized materials and incriminating entries, modus operandi and breakup of evaded income, preliminary head-wise estimate of undisclosed income under Sections 68, 69 and 69A-C, specific follow-up enquiry suggestions, prosecution potential and custody of sensitive documents.
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