SoP for issue of notice under section 142(1) of the Income-tax Act in cases related to substantial cash deposit during the demonetisation period—reg.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....x/ All Principal Directors-General of Income-tax Sir/Madam, Subject : SoP for issue of notice under section 142(1) of the Income-tax Act in cases related to substantial cash deposit during the demonetisation period-reg. On the basis of data analytics and information gathered during the first phase of online verification under "Operation Clean Money", a list of assessees who had depo....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e return (e.g., CSD canteens, army hospitals, etc.). Such cases should be marked as "no return required" by using the functionality provided in AIMS module of ITBA by the concerned Assessing Officer. (ii) Thereafter, in remaining cases under "notice under section 142(1) for the assessment year 2017-18", the jurisdictional Assessing Officer shall issue notice under section 142(1) of the In....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....section 142(1) notice, ITIs may make local enquiries to trace the concerned assessee and serve the notice upon him. As a final alternative, as far as possible, notice by affixation with due procedure should also be done. In all cases of affixture, information should be captured in the system by selecting the appropriate option in ITBA. However, where notice could not be served even by affixture be....