Summary assessment procedure clarified: exclusions, document requirements, and conditions for issuing notices and reopening assessments. Guidance on the summary assessment procedure: officers may accept returns lacking enclosures only after issuing a printed notice requesting missing documents; bonafide changes in status need not exclude cases, but aggregated income beyond prescribed thresholds, significant capital asset sales, substantial perquisite valuation divergences, and specific allegations of cash credits or deposits in relatives' or nominees' names must be excluded. Transitional filing rules require supervisory approval for certain notices; reopening rights affect limitation periods, so summary assessments should be completed within the financial year of receipt or within one month for delayed returns. Administrative statistical and disposal targets are also prescribed.
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Summary assessment procedure clarified: exclusions, document requirements, and conditions for issuing notices and reopening assessments.
Guidance on the summary assessment procedure: officers may accept returns lacking enclosures only after issuing a printed notice requesting missing documents; bonafide changes in status need not exclude cases, but aggregated income beyond prescribed thresholds, significant capital asset sales, substantial perquisite valuation divergences, and specific allegations of cash credits or deposits in relatives' or nominees' names must be excluded. Transitional filing rules require supervisory approval for certain notices; reopening rights affect limitation periods, so summary assessments should be completed within the financial year of receipt or within one month for delayed returns. Administrative statistical and disposal targets are also prescribed.
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