Guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2021- 22 - conduct of assessment proceedings in such cases

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....s - regarding :- Kindly refer to the above. 2. The parameters for compulsory selection of returns for Complete Scrutiny during Financial Year 2021-22 and conduct of assessment proceedings in such cases are prescribed as under: S No The Parameter Assessment Proceedings to be conducted by 1 Cases pertaining to survey u/s 133A of the Income-tax Act,1961(Act)   Cases pertaining to Survey under section 133A of the Act subject to exclusion below: Exclusion: Cases where books of accounts, documents, etc. were not impounded and returned income (excluding any disclosure made during the Survey) is not less than returned income of preceding assessment year are not required to be considered for compulsory scrutiny. However, the said exc....

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....53C. Such cases shall be transferred to Central Charges u/s 127 of the Act within 15 days of issue of notice u/s 143(2)/142(1) of the Act. 3 Cases in which notices u/s 142(1) of the Act, calling for return, have been issued   (i) Cases where no return has been furnished in response to a notice u/s 142(1) of the Act. These cases will be taken up for compulsory scrutiny by NaFAC. (ii) Cases where return has been furnished in response to notice u/s 142(1) of the Act and where notice u/s 142(1) of the Act was issued due to the information contained in NMS Cycle/AIR information/information received from Directorate of I&CI. These cases will not be taken up for compulsory scrutiny and the selection of such cases for scrutiny will be t....