Guidelines for selection of cases for assessment under section 143(3) of the Income-tax Act, 1961.

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..... following parameters shall henceforth apply for selection of cases for assessment under section 143(3). (i) The concept of limited scrutiny introduced vide Instruction no. 1938 dated 17th May, 1996 (F.No. 225/11/96-ITA-II) as modified from time to time will no longer be applicable. (ii) The selection of cases for assessment under section 143(3) will be based on specific information. The informa .....

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..... l assessments relating to (1) search and seizure, (2) survey under section 133A, (3) re-assessment under section 147, (4) set aside assessment and cases where assessment under section 143(3) becomes mandatory in order to comply with directions of the Supreme Court/High Court/Special Courts, will continue to be made under section 143(3). (v) The end results/findings of an assessment under sect .....

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..... e concerned assessees should be informed individually about their cases having been selected for assessment under section 143(3) by the concerned Joint Commissioner/Additional Commissioner. 6. In exceptional cases, for reasons to be recorded in writing, the Chief Commissioners/Directors General may approve selection of any case for assessment under section 143(3) even after 30th September of the .....

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