Audit of Summary Assessment Scheme ensures proper disposals, statutory adjustments, and Board review of systemic concessions abuse. Audit of assessments completed under the Summary Assessment Scheme will verify proper disposal under the Scheme and whether required statutory adjustments were made; clear mistakes should be raised and reported with remedial action. If extraneous material suggests escaped income, reopening the assessment to address that income will satisfy Audit. Suspected systematic abuse of concessions by groups of assessees will be brought to the Board for consideration.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Audit of Summary Assessment Scheme ensures proper disposals, statutory adjustments, and Board review of systemic concessions abuse.
Audit of assessments completed under the Summary Assessment Scheme will verify proper disposal under the Scheme and whether required statutory adjustments were made; clear mistakes should be raised and reported with remedial action. If extraneous material suggests escaped income, reopening the assessment to address that income will satisfy Audit. Suspected systematic abuse of concessions by groups of assessees will be brought to the Board for consideration.
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