Revised System of Review of Assessments - Income Tax - F.No. 286/12/2009-IT(Inv.II)

F.No. 286/12/2009-IT(Inv.II) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 30th June, 2009 To All the Directors General of Income Tax(Inv.) All the Chief Commissioners of Income Tax(Central) Sir/Madam, Sub : Revised System of Review of Assessments-Reg. Ref : Board Instruction No. 15/2008 dt.04.11.2008. In pursuance of the instruction of even number dated 4th November, 2008 on the above mentioned subject reference have been received in the Board for revising the Action Plan Target of Review of Search Assessments by the CsIT(Central). 2. As per the instruction, an administrative commissioner is required to review one assessment order of Addl./JCsIT and three assessment orders of DSsIT/ACsIT per quarter whereas Addl./JCsIT is required to review three assessment orders of ITOs per quarter. Since the Commissioners of Income Tax(Central) have mostly DCsIT/ACsIT as Assessing Officers in Central Charges, and the search assessments are completed with approval of JCIT/Addl. CIT the review of assessment orders in Central Charges are carried out by CsIT(Central). Therefore difficulties were expressed as to number of reviews to be done by the CIT(Central). 3. In view of the above, it is hereby decided that the CsIT (Central) will review 16(Sixteen) Core Search Assessments of DCIT/ACIT completed during a financial year. Core Search Assessment consists of the assessments u/s. 153A/153C or 143(3) of the Core Search case of any search group for the year in which substantial concealment was detected during search or post search investigation. However, if the number of such assessments completed during a financial year by all the officers of the CIT Charge is less than 16(sixteen), then more than one assessment of a search group of the above kind, should be picked up for review, so that the number of assessments reviewed during a financial year is not less than 16. 4. The Review should be planned in such a way that the Core Search Assessments of each search group completed during Financial Year, are reviewed by the Commissioner of Income Tax(Central) in the same Financial Year. Core Search Assessment completed during last Financial Year, which could not be reviewed, due to large disposal of such assessments in last quarter of the Financial Year should be reviewed in the subsequent quarter of the next Financial Year. Yours faithfully (AARSI PRASAD) Under Secretary (Inv. II III) Telfax : 011-23092643