News Update

Govt clarifies on LTC entitlement for Govt employeesCCEA gives nod for handing over Jaipur & Mysore units of ITDC to State Govts & disinvestment in Donyi Polo Ashok HotelFM says Govt mulling over additional booster dose for economyFar-reaching Amendments made in Chapter-4 of Hand Book of Procedures 2015-2020I-T - No tax liability arises if there is diversion of income at source itself, by overriding title: HCCabinet approves Revamp of Khelo India Programme (See 'TOG News' in 'Taxongo.com')Cabinet approves Dentists (Amendment) Bill, 2017 (See 'TOG News' in 'Taxongo.com')Cabinet okays modernisation of Govt Presses by redeveloping 468 acres of their landCabinet approves extension of time period of Special Industry Initiative for J&KCabinet takes note of achievements of National Health MissionUnion Cabinet decides to merge 17 Govt printing presses to 5 units + nod for revamp of 'Khelo India' for promotion of sportsI-T - When amended provisions of Sec 245HA(3) mandate access to Revenue to all materials furnished by assessee before SETCOM, even HC cannot prevent Revenue from doing so: Gujarat HCM S Dhoni nominated for Padma Bhushan by BCCIGST Council prepones next meeting to Oct 6 from Oct 24Sale of Old & Scrap buses - whether leviable to 28% GST or 18% GST as Ferrous scrap - Petitions premature, dismissed: HCI-T - When basic objective of Mutual Benefit Company is to take deposit & lend loans to its members, mere fact that some members were also holding positions in Company & loans were given to sister company, it does not call for invoking doctrine of ‘piercing of veil’: HCDGFT - RITES is GOI Enterprise and not a hapless individual, who can be taken advantage of; cannot canvas that it had made payments under duress: HCFirst 'Pension Adalat' to be inaugurated todayIGST on Ocean FreightI-T - Interest income earned by co-operative society from keeping surplus funds in banks, will not qualify for deduction u/s 80P: ITATST – VCES, 2013 application could not have been rejected without following the principles of natural justice: High CourtRail Safety Commissioner puts blame on ‘Staff’ for Puri-Haridwar Utkal Express accidentGST - Exporters' organisations meet Revenue Secretary; urge for quick refundCBI nabs private person for accepting bribe of Rs 20 lakh on behalf of Mundra Customs Dy CommissionerKolkata DRI busts gold syndicate operating through Bangladesh border; seizes gold worth Rs 1.21 CroreCBDT proposes to amend Rules and prescribe new Form for advance reporting of advance tax estimates
Untitled Document

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
NEW DELHI

INSTRUCTION NO

5/2017, Dated: July 7, 2017

To

All Pr. Chief-Commissioners of Income-tax/Chief-Commissioners of Income-tax
All Pr. Directors-General of Income-tax/Directors-General of Income-tax

Subject: Guidelines for selection of cases for scrutiny during the financial-year 2017-2018-regd.-

1. In supersession of earlier Instructions on the above subject, the Board hereby lays down the following procedure and criteria for compulsory manual selection of returns/cases requiring scrutiny during the financial-year 2017-2018:-

(i) Cases involving addition in an earlier assessment year(s) on a recurring issue of law or fact of following amounts:

• in excess of Rs. 25 lakhs in eight metro charges at Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune, while at other charges, quantum of such addition should exceed Rs. 10 lakhs;

• for transfer pricing cases, quantum of such addition should exceed Rs. 10 crore and where:

a) such an addition in assessment has become final as no further appeal was/has been filed; or

b) such an addition has been confirmed at any stage of appellate process in favour of revenue and assessee has not filed further appeal; or

c) such an addition has been confirmed at 1st appeal stage in favour of revenue or subsequently and further appeal of assessee is pending.

(ii) All assessments pertaining to Survey under section 133A of the Income-tax Act, 1961 ('Act') excluding those cases where books of accounts, documents etc. were not impounded and returned income [excluding any disclosure made during the Survey) is not less than returned income of preceding assessment year. However, where the assessee retracts from disclosure made during the Survey, such cases will not be covered by this exclusion.

(iii) Assessments in search and seizure cases to be made under section(s) 158B, 158BC, 158BD, 153A & 153C read with section 143[3) of the Act and also for the returns filed for the assessment year relevant to the previous year in which authorization for search and seizure was executed u/s 132 or 132A of the Act.

(iv) Return filed in response to notice u/s 148 of the Act.

(v) Cases where registration/approval under various sections of the Act such as 12A, 35(1)(ii)/(iii), 10(23C) etc. of the Act have not been granted or have been cancelled/withdrawn by the competent authority, yet the assessee has been claiming tax-exemption/deduction in the return. However, where such order of withdrawal of registration/approval has been reversed/set-aside in appellate proceedings, those cases will not be selected under this clause.

(vi) Cases in respect of which specific and verifiable information pointing out tax-evasion is given by any Government Department/Authority. However, before selecting a case for scrutiny under this criterion, Assessing Officer shall take prior administrative approval from the concerned jurisdictional Pr. CIT/Pr.DIT/CIT/DIT.

2. Computer Aided Scrutiny Selection (CASS): Cases are also being selected under CASS-2017 on the basis of broad based selection filters and in a non-discretionary manner in two categories viz. Limited Scrutiny & Complete Scrutiny. List of such cases is being separately intimated by Pr.DGIT(Systems) to the concerned jurisdictional authorities for further action in these cases.

3. These instructions may be brought to the notice of all concerned for necessary compliance.

4. Hindi version to follow.

[F.No.225/180/2017/ITA.II]

(Rohit Garg)
Director-ITA.II, CBDT

TIOL Tube Latest

GST: एक देश एक कर | गोष्ठी - संस्करण ३