The CBDT, vide F No. 225/66/2023 – ITA – II dated August 3, 2023, has released guidelines concerning the mandatory selection of tax returns for thorough scrutiny for the fiscal year 2023-24. This directive is in reference to the previous guidelines F. No. 225/66/2023 dated May 24, 2023.
It’s important to highlight that during a search operation, information pertaining to individuals not directly associated with the taxpayer’s business or not belonging to the same business group might be uncovered.
The CBDT has clarified that such cases where individuals are unrelated to the taxpayer’s business and are identified during the search operation need not be transferred to the Central Charges, unless they fall under the purview of the issued guidelines.
The Complete Guidelines can be accessed at: https://a2z-bucket.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/CBDT-Guidelines-03.08.2023.pdf