Income Tax Scrutiny Assessment
Income Tax Scrutiny Assessment
Scrutiny assessment under Section 143(3) involves a detailed examination of the return by the Assessing Officer to verify the correctness of income, deductions, and tax liability. A scrutiny notice under Section 143(2) must be served within the prescribed time limit. The assessee must attend hearings, produce books of accounts, and submit documentary evidence. Faceless assessment is now the default mode for most scrutiny cases.
Important Points:
- Triggered by high-value transactions, mismatches, or random selection
- Notice under Section 143(2) must be served within the time limit
- Faceless assessment is the default mode (no physical hearings in most cases)
- Assessment must be completed within 12 months from the end of the assessment year in which notice was issued
- Professional representation ensures proper documentation and favourable outcomes
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