Procedure for Selection of cases for "Scrutiny" for NON-CORPORATE Assessees

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... returns/cases of Non-Corporate Assessees for Scrutiny during the current financial year, i.e., 2004-05. 2. The following categories of cases/returns shall be compulsorily scrutinized:— (a) All assessments pertaining to search & seizure. (b) All assessments pertaining to survey conducted under section 133A. (c) All returns where deduction claimed under Chapter VIA of the I.T. Act is Rs. 1....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....proviso to section 143(3) is applicable. (i) All cases where exemption is claimed under section 11 of IT Act and the gross receipts exceed Rs. 5 crores. (j) All cases where income exceeding Rs. 2 lakhs has been claimed as exempt. (k) Cases where value of International Transaction (as defined under section 92B of the I.T. Act) exceeds Rs. 5 crores. (l) All cases of non-residents where retur....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t receipts. 3. Cases not falling in the above categories and where the Assessing Officer is of the opinion that scrutiny is required for specific reasons, viz. cases of builders/contractors following project completion method to declare their income, cases where there is prima facie evidence of dividend/bonus stripping, etc. may be selected for scrutiny after recording the reasons in writing and ....