Processing of assessment.

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....sment scheme would be generally filing returns in form No.3 it should be possible to waive the absence of these enclosures. But summary assessments made without copies of final accounts, balance-sheet or tax deduction certificates and LIP receipts, may result in denying the assessee due credit for taxes paid. So, if an assessee does not file these papers along with a return, the person receiving the return should give him a printed/cyclostyled notice, pointing out that in the absence of the relevant papers, it would not be possible for the ITO to give him credit for the TDS and asking the assessee to re-submit the return within a week along with the respective documents. The CsIT may also take some steps like putting up advertisements or ci....

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....djustment on the basis of the assessee's own past records. Where the difference is substantial, the case will have to be taken out of the summary assessment scheme. vi) Will para 2(vi) of the Board's Instruction No.289 cover the cases of cash credits, fresh deposits/loans in the name of the assessee's wife, or near relations or nominees? Yes. If there are specific allegations/information regarding cash credits or fresh deposits or loans in the name of the assessee's wife, his near relations and nominees, the case should be excluded from the category of cases to be done under the summary assessment procedure. vii) Whether IAC's prior approval will be needed for the issue of notice u/s.143(2) where a return was filed prior to 1-4-71 ....