Complete guidelines would have been provided by the Central Board of Direct Taxes (CBDT) for the compulsory selection of the ITR for comprehensive Scrutiny at the time of FY 2023-24.
As per the notification, laid on Policies on 24.05.2023 issued from F.No. 225/66/2023 /ITA-II, various letters/queries have been obtained in the Board from DsGIT(Inv.) and CCsIT(Central) concerning the centralization of cases u/s 127 of the Income-tax Act,1961 (`the Act’) subsequent to issuance of notices u/s 143(2)/142(1) of the Act in various category of cases.
Issuance of Parameter 4 of the guidelines specifically focuses on cases where notices under Section 148 of the Income-tax Act, 1961. Complying with this parameter, these cases will opt for compulsory scrutiny merely before administrative approval of the Principal Chief Commissioner of Income Tax (Pr.CIT)/Principal Director General of Income Tax (Pr.DIT)/Commissioner of Income Tax (CIT)/Director General of Income Tax (DIT) concerned.
Such authorities shall assure that cases lying outside Central Charges are transferred to Central Charges under Section 127 of the Act within 15 days of the service of notice under Section 143(2)/142(1) of the Act, which calls for details via the pertinent Jurisdictional Assessing Officer.
As per the notification the cases in which at the time of search and seizure actions performed under Section 132 / 132A of the Act, details related to the person not integrally linked with the core business of the main taxpayer group who does not relevant to the identical business group, and might lay in distinct cities would have been revealed. For these scenarios, the related data would get transferred before the jurisdictional Assessing Officer for assessment under Section 148 (appropriate for searches conducted/requisitions made after 01.04.2021) of the Income-tax Act, 1961.
CBDT clears that all these non-search cases that choose for tax scrutiny would not be liable to get passed to the Central Charges until they are counted beneath the purview of the guidelines of the board furnished under F.No. 299/107/2013-IT(Inv.III)/1568 dated 25.04.2014.
