Quick Summary
Central Board of Direct Taxes (CBDT) issued guidelines on August 3, 2023 for the mandatory selection of returns for comprehensive scrutiny in the financial year 2023-24. The guidelines are in addition to the previous guidelines issued by the CBDT on May 24, 2023. The following are the parameters
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FAQ :
The CBDT issued the new guidelines for mandatory selection of returns for comprehensive scrutiny on August 3, 2023.
Returns related to surveys under section 133A, search and seizure operations, cases where notices under section 142(1) or 148 have been issued, registration/approval cases under sections 12A, 35, 10(23C), recurring additions in earlier AYs, and cases with specific tax evasion information are subject to mandatory scrutiny.
Yes, cases selected for compulsory scrutiny require prior administrative approval from the Pr. CIT/Pr. DCIT.
The service of notice under section 143(2) must be completed by June 30, 2023.
The compulsory scrutiny will be conducted by a team of officers led by a Principal Commissioner or Commissioner.
The scrutiny is to be completed in a time-bound manner, with the report submitted to the Principal Commissioner or Commissioner within six months from the case selection date.
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