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TMI BlogProcedure for selection of corporate cases for scrutiy.X X X X Extracts X X X X X X X X Extracts X X X X ..... cedure for Selection of cases for "Scrutiny" for Corporate and Non-Corporate Assessees. Sir/Madam, The Guidelines for selection of cases for scrutiny in respect of Corporate and Non-Corporate assessee are enclosed herewith. The Guidelines will be applicable for all the returns filed during the period 1.10.2003 to 31.3.2005. 2. The process of selection of cases for scrutiny for returns filed up ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... election of returns/cases of Corporate Assessees for Scrutiny during the current financial year i.e., 2004-05. 2. The following categories of cases shall be compulsorily scrutinized : (a) All assessments pertaining to Search & Seizure. (b) All assessments pertaining to survey conducted u/s. 133A. (c) All returns where deduction claimed under Chapter VIA of the I.T. Act is Rs 25 lakhs or above ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... k profit exceeding Rs. 50 lakh. (i) All cases where income exceeding Rs. 10 lakhs has been claimed as exempt. (j) Cases where value of International Transaction (as defined u/s. 92B of the I.T. Act) exceeds Rs. 5 crores. (k) All cases of non-residents where returns have been filed disclosing income less than that determined under Section 195 or 197, as the case may be. (l) All Non-Banking Fina ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the opinion that scrutiny is required for specific reasons, viz. cases of builders/contractors following project completion method to declare their income cases where there is prima facie evidence of dividend/bonus stripping etc. may be selected for scrutiny after recording the reasons in writing and with prior approval of CCIT concerned. 4. The process of selection of cases for scrutiny for ..... X X X X Extracts X X X X X X X X Extracts X X X X
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