F1 suspicious transaction reports must be reported and prioritised in monthly D.O. letters, replacing prior P1 references. Reporting of F1 suspicious transaction reports (STRs) must replace P1 STR references in monthly D.O. letters to Member(Inv.), with pendency and disposal statistics furnished for F1 cases. F1 STRs, reclassified by FIU IND as the most significant, must receive investigative priority and prompt action; the January 2018 D.O. letter should be corrected to show F1 data. The instruction reiterates prior CBDT communications and directs uniform compliance in reporting and handling.
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.
F1 suspicious transaction reports must be reported and prioritised in monthly D.O. letters, replacing prior P1 references.
Reporting of F1 suspicious transaction reports (STRs) must replace P1 STR references in monthly D.O. letters to Member(Inv.), with pendency and disposal statistics furnished for F1 cases. F1 STRs, reclassified by FIU IND as the most significant, must receive investigative priority and prompt action; the January 2018 D.O. letter should be corrected to show F1 data. The instruction reiterates prior CBDT communications and directs uniform compliance in reporting and handling.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
