{"id":17602,"date":"2020-10-09T15:19:50","date_gmt":"2020-10-09T09:49:50","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=17602"},"modified":"2020-10-09T16:01:24","modified_gmt":"2020-10-09T10:31:24","slug":"cbdt-has-extended-time-limit-for-complete-scrutiny-under-compulsory-selection-of-returns","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/cbdt-has-extended-time-limit-for-complete-scrutiny-under-compulsory-selection-of-returns\/","title":{"rendered":"CBDT has extended Time Limit for Complete Scrutiny under Compulsory Selection of Returns"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The Central Board of Direct Taxes has already extended a time limit for compulsory selection of returns for a Complete scrutiny of cases during Financial Year <strong>(FY) 2020-21<\/strong> from <strong><em>30 Sept 2020 to 31 Oct 2020.<\/em><\/strong> The new statutory time limit in accordance to the Taxation and other laws (Relaxations and amendment of certain provisions) Act, 2020 for Compulsory Scrutiny under selection of cases on the basis of prescribed parameters was extended to <strong><em>31 March 2021. <\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Highlights of the Notification<\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"590\" height=\"346\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/10\/image-30.png\" alt=\"Highlights of the Notification\" class=\"wp-image-17603\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/10\/image-30.png 590w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/10\/image-30-300x176.png 300w\" sizes=\"(max-width: 590px) 100vw, 590px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Details Analysis of Notification<\/h2>\n\n\n\n<p>It has been clarified that a new statutory time limit in\naccordance with the Taxation and other laws (Relaxations &amp; amendment of\ncertain provisions) Act, 2020 for compulsory scrutiny under selection of cases on\nthe basis of prescribed parameters has extended to <strong><em>31st March 2021<\/em><\/strong>. Still\nfor a purpose of timely allocation of cases to a NeAC, the above time limit\nmust have to be strictly adhered to otherwise; the allocation of cases to a\nNeAC will get delayed considerably. <\/p>\n\n\n\n<p>Considering all the difficulties faced by in a field\nformation due to the <strong><em>COVID-19<\/em><\/strong> pandemic and PAN\nmigration-related issues, this matter have been reconsidered. It has decided to\nextend the prescribed date for selection of cases for the Compulsory Scrutiny\non a basis of prescribed parameters, as duly communicated vide Board\u2019s letter <strong><em>dated\n17 September 2020<\/em><\/strong>, from <strong><em>30 Sept 2020 to 31 Oct 2020. <\/em><\/strong><\/p>\n\n\n\n<p>Furthermore, the same reasons as mentioned in the above paragraph, the cases covered under scenarios mentioned in <strong><em>Para 2 (b) &amp; 2(c)<\/em><\/strong> of the letter must be transferred to the Central Charges by issuing of orders under section 127 of the Act, immediately after the service of notice under section 143(2) of a Act.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/assessment-of-income-tax-notice\/\">An Overall Assessment of Income Tax Notice<\/a><\/mark><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The Letter has Various Time Limits Prescribed for Completion of Certain\nActions<\/h3>\n\n\n\n<ul><li><strong><em>Firstly,<\/em><\/strong> for compulsory scrutiny under selection of cases on the basis of the prescribed parameters shall be completed by <strong>30 Sept 2020<\/strong>.<\/li><li><strong><em>Secondly,<\/em><\/strong> the Survey Cases with impounded materials must be transferred to the Central Charges U\/s <strong>127<\/strong> of the Income-tax Act, 1961 within 15 days of issue of notice U\/s <strong>143(2)<\/strong> of <em><strong>Income Tax Act<\/strong><\/em><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Income_tax_in_India\"><em><strong>[1]<\/strong><\/em><\/a><\/sup>. <\/li><li><strong><em>Lastly,<\/em><\/strong> search cases U\/s <strong>153C<\/strong> of the Act, if lying outside the Central Charges, must be transferred to the Central Charges U\/s <strong>127<\/strong> of the Act within 15 days of issue of notice U\/s <strong>143(2)<\/strong> of Income Tax Act.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion<\/h2>\n\n\n\n<p>There has been granted an extension of time limit for compulsory selection of returns for Complete Scrutiny during the Financial Year 2020-21. The compulsory scrutiny has to be completed by <strong><em>30 Sept 2020<\/em><\/strong> <strong><em>to 31 Oct 2020<\/em><\/strong>. The survey cases have to be transferred to Central Charges within 15 days of issue of notice. Also the search cases have to be transferred to Central Charges within 15 days of issue of notice. The complete compulsory scrutiny on the basis of prescribed parameters was extended to <strong><em>31 March 2021. <\/em><\/strong><\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/cbdt-amends-the-tax-audit-report-form-3cd-itr-6-form-no-10-ie-and-10-if\/\">CBDT Amends the Tax Audit Report Form 3CD, ITR 6, Form No 10-IE and 10-IF<\/a><\/mark><\/p>\n\n\n<a href=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/10\/22922-extension-of-time-limit-for-compulsory-selection-of-returns-for-complete-scrutiny-during-fy-2020-21-1.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\"  data-toolbar=\"bottom\" data-toolbar-fixed=\"off\">22922-extension-of-time-limit-for-compulsory-selection-of-returns-for-complete-scrutiny-during-fy-2020-21-1<br\/><\/a>\n<p class=\"wp-block-pdfemb-pdf-embedder-viewer\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Board of Direct Taxes has already extended a time limit for compulsory selection of returns for a Complete scrutiny of cases during Financial Year (FY) 2020-21 from 30 Sept 2020 to 31 Oct 2020. The new statutory time limit in accordance to the Taxation and other laws (Relaxations and amendment of certain provisions) [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":17606,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[153],"tags":[1083],"acf":{"service_id":"220"},"authorName":"Soumya Bajpai","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/01\/0.jpg","authorDescription":"Soumya has done LLB (Hons) and has a 2+years experience in writing. Her main interest is in reading judgments, new enactments and amendments taking around in law. She always strives to bring the best to work that she does.","postViews":8441,"readingTime":2,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/17602"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=17602"}],"version-history":[{"count":7,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/17602\/revisions"}],"predecessor-version":[{"id":17656,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/17602\/revisions\/17656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/17606"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=17602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=17602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=17602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}