28 November 2012
I want to know CBDT norms for scrutiny assement u/s. 143 for assessment year 2012-13? whether CBDT Issued any Circular or NOtification?
09 October 2021
Yes, every year they fix some norms base on which scrutiny cases are selected. For AY 2012-13 the cases were selected on the following bases. 1. Where value of international transaction as defined u/s. 92B exceeds Rs.15 Crore.
2. Cases where there was addition of Rs.10 Lacs or more in earlier assessment year and question of law or fact is confirmed in appeal or pending before appellate authority.
3. Cases in which addition of Rs.10 Crore or more was made in earlier assessment year on the issue of transfer pricing.
4. In case of survey carried out during the financial year, this criteria will not apply in the following cases.
there are no impounding books or documents there is no retraction of disclosure if any made during survey the income declared in the return excluding any amount of disclosure made during survey is not less than the declared income of the preceding assessment year.
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