Buyer’s TDS Filing Error Won’t Deny NRI Seller's Full Credit: Delhi HC Orders Refund Processing

The Central Board of Direct Taxes (CBDT) has issued its annual guidelines for the compulsory manual scrutiny of Income Tax Returns (ITRs) for the fiscal year 2025-26. These guidelines define the specific risk parameters based on which ITRs will be selected for a detailed review by assessing officers. The criteria include cases related to the non-filing of returns by individuals who have entered into high-value transactions, specific claims for tax deductions or exemptions that appear unusual, and information received from other enforcement agencies indicating potential tax evasion. The selection process will be conducted through the National Faceless Assessment Centre (NaFAC) to ensure objectivity. These guidelines provide transparency on the tax department's areas of focus for the year and serve as a deterrent against tax evasion, while also aiming to minimize random scrutiny and taxpayer harassment.