IT Department issues Instructions on Verification of High Risk Refund Claims:

IT Department issues Instructions on Verification of High Risk Refund Claims The Income Tax Department has issued instructions on verification of high-risk refund claims. Income-tax (I-T) returns for the assessment year 2024-25 (financial year ending March 31, 2024) will be conducted systematically, following a standard operating procedure (SOP). High-Risk Refund Cases pertaining to A.Y- 2024-25 disseminated for TDS charge officers at insight. In this regard following instructions are issued. TAN based cluster of High-Risk refund ITRs for A.Y-2024-25, identified based upon certain rules are being disseminated to the CsIT(TDS) for the purpose of verification of suspicion that false claims of refunds have been made in an organised manner or through a single key person. Upon receiving the cluster, the CIT(TDS) may preferably allocate one or more clusters to a particular assessing officer(AO) i.e. DCIT/ACIT/ITO for integrated and comprehensive inquiries. AOs need to verify the cases and provide one of the following feedback in the Insight Portal after verification: a) "No Further Risk Assessment required" or b) "Further risk assessment required" In this regard, the SOP for verification of High-Risk Refund (HRR) cases by TDS charge officers is attached as Annexure-A. All the aspects mentioned in the SOP have to be examined in detail before submitting the feedback as mentioned above. Further, kindly refer to Annexure-B for Step-by-Step guidance on uploading of verification report on the Insight portal. In case of any technical difficulty being observed, users may contact or write to the Insight help desk, (Helpdesk number- 1800-103-4216, Email Id: [email protected]). For Official Instructions Download PDF Given Below: