Quick Summary
The Directorate of Income Tax (Systems) has issued Instructions videF. No. DGIT(S)-ADG(S)-2/High Risk Transaction (Pan and Non-PAN) cases/2022-23/11914 dated February 20, 2023regarding the dissemination of High-Risk transaction and High-Risk Non-PAN Transaction cases on Verification module of Insight portal (RMS Cycle-2). The Board approved Risk Management Strategy (Cycle-2) has been executed for the identification of potential cases for action u/s. 148/148A of the Income Tax Act, 1961. In
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FAQ :
The Directorate of Income Tax (Systems) has updated the Insight portal's Verification module to disseminate High-Risk Transaction and High-Risk Non-PAN Transaction cases for action.
The cases disseminated pertain to Assessment Year 2016-17 and Assessment Year 2019-20.
Cases can be accessed via the Insight Portal by navigating to Verification Module >> Verification stage >> 'Case type' (Under verification).
For 'High-Risk Transaction' cases, users can initiate proceedings under sections 148/148A of the Income Tax Act, 1961, from the Insight portal to create a worklist on the ITBA portal.
Underlying information can be found in the Taxpayer Profile View on the Insight Portal, specifically under Taxpayer Annual Summary (TAS) >> Information >> Uploads. For Non-PAN cases, click the hyperlink under 'Non-PAN Entity Id'.
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