CBDT Releases Guidelines for Compulsory Selection of Returns for Complete Scrutiny During FY 2023-24
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- Last Updated on 26 May, 2023
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Notification F.no. 225/66/2023/ITA-II, dated 24-05-2023
The Central Board of Direct Taxes (CBDT) has released guidelines for the purpose of compulsory selection of returns for Complete Scrutiny during the Financial Year 2023-24 and the conduct of assessment proceedings in such cases. The CBDT has laid down the parameters for selection & conducting assessment in the following circumstances:
a) Cases pertaining to survey under section 133A;
b) Cases pertaining to Search and Seizure;
c) Cases where notice under section 142(1), calling for return, have been issued or no returns have been furnished;
d) Cases where notice is issued under Section 148;
e) Cases related to registration/approval under sections 12A, 35, 10(23C), etc.;
f) Cases involving additions in earlier AYs on a recurring issue of law and/or fact; and
g) Cases related to specific information regarding tax evasion.
Click Here To Read The Full Notification
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