(g) Making an application for installation of a telephone connection (including a cellular telephone connection);
Provided also that any person, who has not been allotted a permanent account number or who does not have a General Index Register Number and who makes payment in cash or otherwise than by a crossed cheque drawn on a bank or through credit card issued by any bank in respect of any transaction specified in clauses (a) to (h), shall make a declaration in Form No.60 giving therein the particulars of such transaction.
As shared by our viewer very important information on the AIR, treatment of the same by Income tax department given in detail…..
** ** **
All Chief Commissioners of Income-tax
Director General of Income-tax (Systems)
All Director of Income-tax (CIB)
All Commissioners of Income-tax (Computer Operations)
All Commissioners of Income-tax (in-charge of Computer Centres)
Utilization of information in the Annual Information
Returns (AIRs) relating to F.Y. 2007-08 (A.Y. 2008-
09) and subsequent years-reg.
The Board has considered the issues relating to the above and has decided that the information from the AIRs
pertaining to F.Y. 2007-08 (A.Y. 2008-09) and subsequent years should be utilized in the manner laid down in paragraphs 2 to 8 below.
2. AIR information where PAN of the transacting party is available and return is filed:
(a) The AIR data with PAN has been or shall be placed on the NCC by the DIT (Systems) and has been or shall be
used under regular cycles of CASS as per CASS instructions issued by the Directorate of Income-tax (Systems).
(b) Depending upon feedback on scrutiny assessment in a case for a particular assessment year, the Assessing
Officers may resort to proceedings u/s 148 for earlier assessment years in that case on the basis of AIR
information available, if any, if they have reasons to believe that income has escaped assessment.
(c) After issuance of notice u/s 143(2)/148, as the case may be, the Assessing Officers shall forward a
list of such cases, along with value of criterion, to their Range Addl./Joint Commissioner for the purpose of monitoring.
3. AIR information with PAN where there is no information of returns filed:
(a) To identify the non-filers, CIT(CO)/CIT (in-charge) of each RCC/CC will run the application in the AIR module to generate the list of individual cases or persons who are non-filers and shall intimate the list of non-filers to the concerned Assessing Officers in respect of these cases.
(b) Further Action thereon: After identification of the non-filers, query letters (in the format as given in
Annexure 5) shall be issued by jurisdictional Assessing Officers to all Non-Govt. transacting persons.
(i) if it is intimated by the tax payer that a return has already been filed before issue of the letter, the
jurisdictional A.O. shall immediately process the return on the system, if not processed so far, so that the
same can be considered for scrutiny selection under CASS under a fresh cycle, which would be run by the
Directorate of Income-tax (Systems).
(ii) If the letter is returned unserved, the case should be referred by the Assessing Officer to the DIT (CIB) of
his Region with full details (including PAN, RRR No. and Line No. of the AIR transaction, name/address
and TAN of the AIR filer etc.), and further action would be taken by the DIT (CIB) as indicated in
paragraph 4(f) below.
(iii) If the assessee furnishes a return in response to the letter, the case should be compulsorily assessed u/s
143(3)/144 after issue of notice u/s 142(1)/143(2), as the case may be.
(iv) If the assessee does not furnish a return in response to the letter or does not respond to the served letter,
the case should be assessed u/s 143(3)/144/147 after issue of notice u/s 142M/143(2)/148, as the case