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of <h1>CBDT Updates Summary Assessment Rules: New Scrutiny Thresholds for Income in Bombay, Calcutta, and Other Regions Under Sec 143(1.</h1> The circular issued by the Central Board of Direct Taxes (CBDT) addresses modifications to the summary assessment scheme under Section 143(1) of the Income Tax Act, 1961. It specifies that for Bombay and Calcutta, detailed scrutiny should apply to Category I cases with income above Rs. 50,000, while other regions may set limits between Rs. 25,000 to Rs. 50,000. The threshold for non-salary income assessments is raised to Rs. 2,000, and a Rs. 1,000 difference in declared perquisites is deemed substantial. It is not mandatory for the same Income Tax Officer (ITO) to assess both firms and partners unless coordination is needed. Scrutiny and non-scrutiny cases should be segregated, with a focus on summary assessments for 75% of cases. Publicity should be given to the summary assessment procedure to inform small taxpayers.
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