Key Highlights of the CBDT Guidelines include:
1. Covered Cases: The guidelines cover various cases including those related to survey, search & seizure or requisition, Section 142(1) notices where no return is furnished, Section 148 (arising from search or survey or otherwise), registration or approval under various sections such as 12A, 12AB, 35(1)(ii)/(iia)/(iii), 10(23C), etc.
2. Selection Procedure: The International Taxation and Central Circle charges shall
select cases for compulsory scrutiny following prescribed parameters and
procedure with the prior administrative approval of the concerned
Pr.CIT/Pr.DlT/CIT/ClT.
3. Transfer of Information: Information pertaining to compulsory scrutiny may not be
transferred to the National Faceless Assessment Centre (NaFAC) unless the case
itself is transferred. Communication to NaFAC for access and/or further action
after selection for compulsory scrutiny will not apply to the International
taxation and Central charges.
4. Exclusion from Compulsory Scrutiny: Cases where a return has been furnished in response to
notice under Section 142(1) and such notice was issued due to specific
information sources will be excluded from compulsory scrutiny and handled
through the CASS cycle.
5. Revised Time Limit: The time limit for service of notice under Section 143(2)
has been reduced to three months from the end of the FY in which the return is
filed. For the ITRs filed in the FY 2023-24, the time limit for service of
notice is Jun 30, 2024.
6. Important Dates: May 31, 2024, is set as the last date for selecting and
transferring cases to NaFAC, where assessments have to be completed facelessly.
June 30, 2024, is the last date for serving Section 143(2) notice in cases
selected for Compulsory Scrutiny.
These guidelines are aimed at enhancing the efficiency,
transparency, and accountability of the tax assessment process, ensuring
fairness for taxpayers while maintaining compliance with regulatory
requirements.
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