Regarding assessment u/s 143(1).

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....12-1971, regarding summary assessments. 2. The Cs. I.T. Conference held in April/May 1972 reviewed the working of the summary assessment scheme and considered its role in future; a copy of the minutes of the Conference discussions is being forwarded separately. In light of the Conference discussions the Board have modified the above-noted existing instructions on the following lines; (i) Exi....

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.... may be placed anywhere between this indicated bracket. Necessary instructions may be issued and intimation sent to the Board. (ii) Existing para 2(iv) of Instruction No. 289 runs: "First year's assessment in cases involving income from sources other than salaries over Rs. 500/- (including direct refund cases)". The above para may be treated as substituted by the following: "First year's ....

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.... defined. To clarify the position it has been decided that a difference of Rs. 1000/- and above between the perquisites declared in the latest return and the perquisites determined in the completed assessments for earlier year should be treated as "substantial". (iv) Whether the assessments of the firm and partners should be made by the same ITO. It is not considered necessary that the asses....

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....e treated as scrutiny case, notwithstanding the circumstances that by the application of the monetary test, it falls in the non-scrutiny category. 3. The Board desire that at the beginning of the year, scrutiny cases should be segregated from the non-scrutiny cases and list of such cases prepared. In the new return forms to be put in vogue soon, space will be provided for recording of office en....