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of <h1>CBDT Circular Clarifies Summary Assessment Rules: Checklist Usage, Pre-Paid Tax Credits, and Scrutiny Criteria Under Income Tax Act.</h1> The circular from the Central Board of Direct Taxes (CBDT) dated December 27, 1978, addresses the Summary Assessment scheme under the Income Tax Act, 1961. It clarifies that while a checklist is used to determine scrutiny cases, it need not be filled for each case, but a stamp should indicate the case type. Credit for pre-paid taxes will not rely on challan counter-foils but must follow the daily collection register. Cases with pending appeals can still be summary assessed if conditions are met. Monetary limits for assessments remain uniform, and cases with consistent income declines should be scrutinized. The board emphasizes thorough pre-assessment scrutiny and is considering separate instructions for small cases regarding interest and penalties. Cases for scrutiny should remain with the jurisdictional Income Tax Officer.
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