Income Tax: Dissemination of High-Risk transaction and High-Risk Non-PAN Transaction cases on Verification module of Insight portal

The Directorate of Income Tax (Systems) has issued Instructions vide F. No. DGIT(S)-ADG(S)-2/High Risk Transaction (Pan and Non-PAN) cases/2022-23/11914 dated February 20, 2023 regarding 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 this regard, potential cases pertaining to AY 2016-17 and AY 2019-20 identified on the basis of risk assessment of verification reports uploaded in the STR module, have been disseminated to field formations with below mentioned case types on the Verification module of the Insight portal.

Navigation path for accessing these cases is Insight Portal >> Verification Module >> Verification stage >> "Case type" (Under verification).

For the case type "High Risk Transaction", users can initiate proceedings u/s 148/148A from the activity panel on the case detail screen to create a worklist pendency of cases u/s 148/148A on the Assessment module of ITBA. Subsequent proceedings/activities can be performed on the ITBA portal in the usual manner.

Underlying Information related to the case, mentioned in para 5 above, has been made visible in the Profile View of Insight Portal. Navigation path for accessing the underlying information is Insight Portal >> Taxpayer Profile View >> Taxpayer Annual Summary (TAS) >> Information >> Uploads.

For the case type "High Risk Transaction (Non-PAN)", the underlying Information and documents related to these cases can be viewed by clicking on the hyperlink under 'Non-PAN Entity Id'.

In this regard, Verification Initiation Date (Insight Portal >> Verification Module >> Verification stage >> "Case type" (Under verification) >> View Details>> Verification Initiation Date) may be examined in cases being disseminated under RMS Cycle-2 and accordingly, appropriate action may be initiated in accordance with the relevant provisions u/s 148A/148 of the Income-tax Act, 1961 and directions issued by the Board in this regard.

Official copy of the instruction has been attached herewith