https://www.taxtmi.com/circulars?id=67315 Assessing Officers are to invoke section 147 and issue notices under section 148 in High-Risk e-Verification Scheme cases where the Final Verification Report shows Value at Risk. The FVR and related documents are available on the Insight portal (Verification Module e-Verification e- Verification Scheme 2021 Verified Count). For Non-updated ITR cases VaR equals the Income Escapement in the PVR; for Updated ITR cases VaR equals the PVR Income Escapement less additional income disclosed in the Updated ITR (difference in Gross Total Income between Updated and Original ITR). en-us Tue, 19 Mar 2024 00:00:00 +0530 Fri, 19 Apr 2024 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67315 Assessing Officers are to invoke section 147 and issue notices under section 148 in High-Risk e-Verification Scheme cases where the Final Verification Report shows Value at Risk. The FVR and related documents are available on the Insight portal (Verification Module e-Verification e- Verification Scheme 2021 Verified Count). For Non-updated ITR cases VaR equals the Income Escapement in the PVR; for Updated ITR cases VaR equals the PVR Income Escapement less additional income disclosed in the Updated ITR (difference in Gross Total Income between Updated and Original ITR). Circulars Income Tax Tue, 19 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67315