https://www.taxtmi.com/article/detailed?id=12543 The CBDT instructs that AOs should invoke the reopening provision in identified high-risk e-Verification cases and issue notices, and clarifies that Value at Risk in the FVR equals the PVR-estimated Income Escapement for non-updated returns, while for updated returns Value at Risk equals the PVR Income Escapement reduced by additional income shown in the updated return, where additional income equals the difference between Gross Total Income in the updated and original returns. en-us Sat, 20 Apr 2024 11:34:15 +0530 Sat, 20 Apr 2024 11:34:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12543 The CBDT instructs that AOs should invoke the reopening provision in identified high-risk e-Verification cases and issue notices, and clarifies that Value at Risk in the FVR equals the PVR-estimated Income Escapement for non-updated returns, while for updated returns Value at Risk equals the PVR Income Escapement reduced by additional income shown in the updated return, where additional income equals the difference between Gross Total Income in the updated and original returns. Articles Income Tax Sat, 20 Apr 2024 11:34:15 +0530 https://www.taxtmi.com/article/detailed?id=12543