Regarding assessment u/s 143(1).

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..... Conference held in April/May 1972 reviewed the working of the summary assessment scheme and considered its role in future; a copy of the minutes of the Conference discussions is being forwarded separately. In light of the Conference discussions the Board have modified the above-noted existing instructions on the following lines; (i) Existing Para 2(ii) of Instruction No. 289 runs: "All Category .....

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..... ary instructions may be issued and intimation sent to the Board. (ii) Existing para 2(iv) of Instruction No. 289 runs: "First year's assessment in cases involving income from sources other than salaries over Rs. 500/- (including direct refund cases)". The above para may be treated as substituted by the following: "First year's assessment in cases (including direct refund cases) involving income .....

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..... of Rs. 1000/- and above between the perquisites declared in the latest return and the perquisites determined in the completed assessments for earlier year should be treated as "substantial". (iv) Whether the assessments of the firm and partners should be made by the same ITO. It is not considered necessary that the assessments of the partners and the firm should be made by the same ITO. Where bo .....

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..... plication of the monetary test, it falls in the non-scrutiny category. 3. The Board desire that at the beginning of the year, scrutiny cases should be segregated from the non-scrutiny cases and list of such cases prepared. In the new return forms to be put in vogue soon, space will be provided for recording of office endorsement after routine check up of accompanying documents formally complete p .....

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..... ity should be given regarding summary assessment procedure for the benefit of small assessees and the DI(RS&P) is being asked to insert suitable hand-outs in news-papers in this regard including regional language newspapers which reach the bulk of small assessees. It should be the aim to cover by summary assessment procedure about 75 per cent of the cases and if possible even more. As far as feasi .....

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