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of <h1>CBDT Issues New Guidelines for Scrutiny of AIR Data; Broader Probes Need Commissioner Approval if Exceeding Rs. 10 Lakhs.</h1> The Central Board of Direct Taxes has issued instructions regarding the selection of cases for scrutiny based on data from Annual Information Return (AIR). The scrutiny will focus solely on the information from AIR unless a broader investigation is warranted, which requires approval from the administrative Commissioner, particularly if potential income escapement exceeds Rs. 10 lakhs. Notices for such cases should be marked with 'AIR Case' under section 143(2) of the Income Tax Act. This directive is to be communicated to all relevant officers in the respective regions.
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