Selection Of Returns And Procedure For Complete Scrutiny During The F.Y. 2022-23: CBDT Issues Guidelines
2 years, 7 months ago

Selection Of Returns And Procedure For Complete Scrutiny During The F.Y. 2022-23: CBDT Issues Guidelines

Live Law  

The Central Board of Direct Taxes has issued guidelines for selecting returns and procedures for full scrutiny during the financial year 2022–23. DIT/CIT/DIT concerned shall ensure that the cases are transferred to Central Charges within 15 days of the Assessing Officer concerned serving notice. DIT/CIT/DIT shall ensure that cases are transferred to Central Charges within 15 days of service of notice by the Assessing Officer concerned. Where cases are not centralised and a return of income is filed in response to a notice, the Assessing Officer concerned shall serve the notice. Where such cases are not centralised and no return of income is filed in response to notice, the Assessing Officer concerned shall serve notice under section 142 of the Act calling for information.

Cases Income Notice Officer Act Shall Scrutiny Cbdt Assessing Concerned Notice U Prior Administrative Approval Compulsory Scrutiny Nafac  returns  cbdt  income  act  pr  assessing  guidelines  202223  shall  officer  notice  procedure  fy  cases  complete  issues  selection  scrutiny  tax  concerned

History of this topic

AO Can't Disregard ITAT's Direction To Re-examine Issue By Referring To CBDT Circular: Delhi High Court
4 months, 3 weeks ago

AO Can't Disregard ITAT's Direction To Re-examine Issue By Referring To CBDT Circular: Delhi High Court

Live Law  

The Delhi High Court has held that the assessing officer cannot disregard the direction of the Income Tax Appellate Tribunal to re-examine the issue by referring to the circular issued by the Central Board of Direct Taxes.The bench of Justice Yashwant Varma and Justice Ravinder Dudeja has observed that since the additional grounds had come to be accepted by the …

Computation Of 6 Assessment Years For Search Assessments U/S 153C Starts From Date Of Receiving Seized Documents: ITAT
6 months, 2 weeks ago

Computation Of 6 Assessment Years For Search Assessments U/S 153C Starts From Date Of Receiving Seized Documents: ITAT

Live Law  

The Delhi Bench of Income Tax Appellate Tribunal has held that the computation of six assessment years for search assessments under Section 153C of the Income Tax Act starts from the date of receiving seized documents.The bench of Saktijit Dey and Naveen Chandra has relied on the decision of the Supreme Court in the case of CIT vs. Jasjit Singh,. …

CBIC Rolls Out Automated Return Scrutiny Module For GST Returns In ACES-GGST Backend Application For Central Tax Officers
1 year, 7 months ago

CBIC Rolls Out Automated Return Scrutiny Module For GST Returns In ACES-GGST Backend Application For Central Tax Officers

Live Law  

The Central Board of Indirect Taxes and Customs has rolled out the Automated Return Scrutiny Module for GST returns in the ACES-GST backend application for Central Tax Officers.During the recent review of the performance of the CBIC, Union Minister for Finance and Corporate Affairs Smt. The Central Board of Indirect Taxes and Customs has rolled out the Automated Return Scrutiny …

Reassessment Proceedings Can't Be Initiated On Same Set Of Facts Available: ITAT
2 years, 5 months ago

Reassessment Proceedings Can't Be Initiated On Same Set Of Facts Available: ITAT

Live Law  

The Mumbai Bench of the Income Tax Appellate Tribunal has held that the reassessment proceedings cannot be initiated by applying a fresh application of mind to the same set of facts available at the time of the original scrutiny assessment proceedings. The Assessing Officer issued the notice under section 148 of the Income Tax Act, initiating the reassessment proceedings in …

I-T Dept to Intimate Taxpayers Under Scrutiny About Faceless Assessment
4 years, 3 months ago

I-T Dept to Intimate Taxpayers Under Scrutiny About Faceless Assessment

News 18  

The income tax department will soon start sending out intimation to assessees undergoing scrutiny that such cases would now be handled under faceless assessment, a tax official said on Friday. CBDT Additional Commissioner Jaishree Sharma also said that domestic transfer pricing cases too will be covered under the faceless assessment mechanism. The Central Board of Direct Taxes had earlier this …

Discover Related