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of <h1>CBDT Circular Urges Better Summary Assessments: New Scrutiny Criteria and Publicity to Boost Compliance Under Income Tax Act 1961.</h1> The circular from the Central Board of Direct Taxes (CBDT) addresses the declining performance in summary assessments under the Income Tax Act, 1961. It highlights a drop in assessment disposals from 73.7% in 1972-73 to 62% in 1975-76. To improve implementation, the Board suggests increased publicity of the Summary Assessment Scheme, emphasizing its benefits. Taxpayer education is encouraged, especially for small business owners, to ensure accurate return filings. New criteria for case scrutiny have been established, and guidelines for handling cases in multi-officer circles are provided. The Board aims for at least 70% of assessments to be summary assessments in the current year.
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