Suspicious Transaction Report handling: establishes standardized procedures for assignment, verification, investigation and reporting under income tax administration. SOP requires maintaining an electronic searchable register of STRs with specified fields and mandates transfer of STRs to jurisdictional DITs within a prescribed short period; DITs must check prior STR history, assign related STRs to the same Addl/Joint DIT, and Addl/Joint DITs must triage, assign investigations, segregate search fit cases, and complete assignment steps within the prescribed timeframe while using internal databases for verification before issuing summons or notices.
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.
Suspicious Transaction Report handling: establishes standardized procedures for assignment, verification, investigation and reporting under income tax administration.
SOP requires maintaining an electronic searchable register of STRs with specified fields and mandates transfer of STRs to jurisdictional DITs within a prescribed short period; DITs must check prior STR history, assign related STRs to the same Addl/Joint DIT, and Addl/Joint DITs must triage, assign investigations, segregate search fit cases, and complete assignment steps within the prescribed timeframe while using internal databases for verification before issuing summons or notices.
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