Receipt of a notice for scrutiny causes shivers in the body and mind of assessees. The problem is not generally on the legal side but of recalling all records relevant for the scrutiny as the scrutiny involves a period other than the current year. Like scrutiny for assessment year 2014-15 would be taken up now when returns for assessment year 2015-16 and 2016-17 have already been filed. Under scrutiny proceedings one would have to recall bases for various claims made in the return for the assessment year 2014-15. This at times becomes a herculean task given the nature of life today. It is also true that the Income Tax Department is not under any obligation to accept the return filed by the assessee. They have every right to scrutinize the claims made by the assessee in the return. The number of scrutiny cases is going to be on the rise in the coming days, given the edge which the department has gained owing to computerization. Annual Information Returns are throwing valuable input for selecting a case for scrutiny. Linking of Bank Accounts, which would be on going, is likely to provide further armour to the department.
BOOK 1–SCRUTINY ASSESSMENT UNDER SECTION 143(3)
BOOK 2–POST SURVEY SCRUTINY ASSESSMENT
BOOK 3–POST SEARCH SCRUTINY ASSESSMENT
BOOK 4–INQUIRIES CONSEQUENTIAL TO SCRUTINY ASSESSMENT
BOOK 5–SAMPLE INQUIRIES IN SCRUTINY ASSESSMENT WITH REPLIES
BOOK 6–CONVEYANCINGS VIS-A-VIS POST SURVEY ASSESSMENTS
BOOK 7–CONVEYANCINGS VIS-A-VIS POST SEARCH ASSESSMENTS