It has been decided that in all the Corporate cases selected for scrutiny as per the guidelines contained in the Action Plan document 2008-09 which have returned income of Rs.5 crore or more and where provisions of FBT apply, assessment order shall also be passed under section 115WE after scrutiny of all such cases.
Source: Instruction No. 11/2008, dated 5.9.2008
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Whether assessee can challenge the assessment proceedings where his returned income is more than the surrendered income u/s 133A + immidiate preceeding year income. As per the Action Plan for the yaer 2008-09 and 2009-10,such cases has to be excluded from scrutiny, but AO has issued notice u/s 143(2) and 142(1) and want to complete u/s 1`43(3) after after thorough scrutiny. Whether the action of the AO is illegal and how we can challenge it.