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June 29 To July 5, 2019 u Taxmann’s Corporate Professionals Today u Vol. 45 u 27Concluding Remarks
- The ideal solution should be that the CPC
should first process the income-tax return,
send it to AO, who should then decide if
a scrutiny notice is required to be sent.
Here’s a light tale on scrutiny notice, which
is otherwise considered sinister:
One assessee confided to his friend: “After
getting a scrutiny notice, I feel like James
Bond.”
His chum exclaimed: “Really? How?”
The taxpayer said: “You know, James Bond
faces smiling crocodiles, slithering snakes,
villains with tiger claws, etc.; I also had to
contend with scrutiny notice, CPC clarifications
and Form 26AS mismatch.”
lllSCRUTINY NEEDS SCRUTINY