Cases which comes into scrutiny for financial year 2013-14

Income tax department issued a note about which cases/returns will come into scrutiny for the financial year 2013-14. Full note is as under.

In supersession of earlier instructions on the above subject, the board hereby lays down the following procedure and criteria for manual selection of returns cases for scrutiny during the financial year 2013-14.

The targets for completion of scrutiny assessments and strategy of framing quality assessments as contained in central action plan documents for financial year 2013-14 has to be complied with. It is being reiterated that all scrutiny assessments including the cases selected under manual criteria will be completed through AST system software only.

The following categories of cases or returns shall be compulsorily scrutinized.
1- Cases where value of transaction as defined under section 92B of income tax act exceeds Rs. 15 crore.

2- Cases involving addition in an earlier assessment year on the issue of transfer pricing in excess of Rs. 10 crore or more which is confirmed in appeal or is pending before an appellate authority.

3- Cases involving addition in an earlier assessment year in excess of Rs. 10 Lakhs on a substantial and recurring question of law or fact which is confirmed in appeal is pending before an appellate authority.

4- All assessment pertaining to Survey under section 133A of income tax act excluding the cases where there are no impounded books of accounts/documents and returned income excluding any disclosure made during the survey is not less than returned income of preceding assessment year. However, where assessee retracts the disclosure made during the survey will not be covered by this exclusion.

5- Assessment in search and seizure cases to be made under section 158B, 158BC, 158BD, 153A and 153C under income tax act 143(3).

6- All returns filed in response to notice under section 147148 of the income tax act.

7- Cases claiming exemption of income under section 11 or under section 1(23C) which are hit by provision to section 2(15) of income tax act.

8- Entities which received Donations from countries abroad in excess of Rs. 1Crore during the Financial year 2011-12 under the provision of Foreign Contribution Regulation Act (FCRA). Such information is maintained by Ministry of Home Affairs and the same information is available on its web ( Respective Cadre Controlling Chief-Commissioner/ Director-General of income tax may identify the cases pertaining to their respective jurisdiction after downloading from the website and disseminate to various field offices.

9- Cases in respect of which information is received from other government department or other authorities pointing out tax-evasion. The assessing officer shall record reasons in such cases and take approval from jurisdictional CCIT/DGIT before selecting such cases for scrutiny.

In order to ensure the quality of assessment orders, CCIT/DGIT would evolve suitable monitoring mechanism. They shall analyse at least 5 quality assessments of their respective charges and sent the report to respective Zonal Member with coy to Member of Income tax with suggestions for improvement by 30 April 2014. CCIT/DGIT would further ensure the cases selected for publication in let us share are picked u from quality assessment as reported.

These instructions may be brought to the notice of all concerned.
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