Undisclosed income investigation: standardized proforma enable information gathering while avoiding harassment to small taxpayers and ensure selective use. Instruction prescribes standardized proforma for investigating undisclosed income, comprising three forms covering investments, expenditure and miscellaneous points to consolidate useful inquiry items, assist assessing officers in extracting information to establish concealment, and create statements usable later in proceedings; the Board requires these forms to be made available to officers involved in discovery of concealed income but directs selective, non-routine use in consultation with the IAC to avoid harassment of small assessees.
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Undisclosed income investigation: standardized proforma enable information gathering while avoiding harassment to small taxpayers and ensure selective use.
Instruction prescribes standardized proforma for investigating undisclosed income, comprising three forms covering investments, expenditure and miscellaneous points to consolidate useful inquiry items, assist assessing officers in extracting information to establish concealment, and create statements usable later in proceedings; the Board requires these forms to be made available to officers involved in discovery of concealed income but directs selective, non-routine use in consultation with the IAC to avoid harassment of small assessees.
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