Wealth tax scrutiny selection revised to tiered scrutiny for mid-range returns and mandatory scrutiny for high-return cases. Revises wealth tax scrutiny from the specified assessment year by linking scrutiny to income tax selections, requiring that wealth returns corresponding to income tax scrutiny be examined. Establishes tiered selection intensity for different wealth bands and mandates scrutiny of highest wealth returns; search cases must be fully scrutinised. Jurisdiction for scrutinised wealth cases follows the Wealth Tax Act allocation, so high net wealth does not change jurisdiction if income remains below the threshold for higher officials.
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Provisions expressly mentioned in the judgment/order text.
Wealth tax scrutiny selection revised to tiered scrutiny for mid-range returns and mandatory scrutiny for high-return cases.
Revises wealth tax scrutiny from the specified assessment year by linking scrutiny to income tax selections, requiring that wealth returns corresponding to income tax scrutiny be examined. Establishes tiered selection intensity for different wealth bands and mandates scrutiny of highest wealth returns; search cases must be fully scrutinised. Jurisdiction for scrutinised wealth cases follows the Wealth Tax Act allocation, so high net wealth does not change jurisdiction if income remains below the threshold for higher officials.
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