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TMI BlogRevised procedure for working of CIB.X X X X Extracts X X X X X X X X Extracts X X X X ..... ll be used for processing CIB data at all the CIB units in the country. ii) CIB unit functioning under DGIT(Inv) will collect information from the source heads codified by the Board. The threshhold-limit for a code will be determined by the DGIT(Inv). In Annexure-I certain monetary limits have been mentioned. These are only indicative. In these cases DGIT(Inv) may increase the limits keeping in view the local conditions. iii) The work of CIB shall be limited to collection, collation and dissemination of information only. No query letters will be issued by the CIB units. iv) The sorted CIB data will be transmitted, annually, to the jurisdictional range Addl./DCITs through the concerned CITs. v) The assessing officers will carry out the w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a range and all the persons within an address will be arranged alphabetically. In this way all the transactions undertaken at a particular address by a person during a year will be grouped at one place and the information of all the transactions undertaken by all the persons with that address, say the members of one family, will also be available at that place which will help co-ordinated investigation. 4. The data is suggested to be arranged address-wise because in most places the jurisdiction of the ranges are territorial and the concerned ranges can be identified on the basis of the address. But in certain cases, say in company ranges at some places, the jurisdiction of the ranges is alphabetical. In such cases, instead of arranging th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r can be quickly identified at the first instance, they can make appropriate modification to the procedure. The chief objective which should be kept in view is to ultimately pass on the information to the concerned assessing officer who will be responsible for the verification of the CIB information. 9. The assessing officer will use the data in the following manner : (i) If the return has been filed and the proceedings are pending he may send a notice under Section 133(6) to the assessee requiring him to confirm and furnish further details of the transactions and explain the source of investment/expenditure. If no proceedings are pending notice under section 133(6) can be issued only with the prior approval of the Commissioner of Income- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ii) the number of informations verified till the quarter-end. (iii) the number of informations resulting in detecting new assessee. (iv) the number of new assessees detected. (v) the number of information resulting in selection of cases for scrutiny. (vi) the number of cases selected for scrutiny. (vii) the number of informations satisfactorily explained by the assessee. (viii) the number of informations remaining unverified. 12. The DGT must ensure that computer is used for processing CIB information. 13. This revised procedure for the working of the CIB unit supersedes all the earlier guidelines issued by the Board on this subject. F. No. 415/2/97--IT(Inv. I) (SUMAN SHARMA) UNDER SECRETARY, IT(INV.I) *Here adjustment has to be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation of new industries. 14 014 State Excise Department New registration, excise payments including fines & penalties. 15 015 Registrar of Property Transfer of immovable property. 16 016 Housing Building Authority /Housing Board Names, address of allottees, details of transaction. 17 017 Local Authorities Public Place contracts approval of building plan, new shops, bars, restaurants, cinema houses, clubs etc. 18 018 Banks Cash transaction of Rs. 1 lakh and above and declaration of assets for loan and OD facilities. 19 019 Registrar to Issue of shares and debentures. Name and address of Investors of Rs. 20,000 and above. 20 020 Public sector Undertakings /Financial Institutions, credit, societies, Nidhis, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ses of the investors and persons who have entered into share transactions--Rs. 20,000 and above. Holders of Stock Exchange Card, list of brokers and sub-brokers details of payment. 33 033 Mutual Funds Names and address of investors --Rs. 20, 000 and above. 34 034 Cellular Phone Service Co./ Providers Cellular Phone Subscribers. 35 035 Immigration/Authority/IB Foreign Travel 36 036 R. B. I. Persons seeking permission to remit foreign exchange. 37 037 Post Office Deposits above--Rs. 20, 000 Purchase of Kisan Vikas Patra--Rs. 20, 000. ANNEXE II DATA ENTRY FIELDS 1. SOURCE CODE ....................................... 2. NAME OF THE PERSON ....................................... 3. PAN/GIR NO. .......... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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