(1) Notwithstanding anything contained in this Ordinance, where the return of income for any income year filed by an assessee, in accordance with the rules for self assessment made by the Board for that year or any instructions or orders issued thereunder, the Deputy Commissioner of Taxes shall receive such return himself or cause to be received by any other official authorised by him and issue a receipt of such return with signature and official seal affixed thereon and the said receipt shall be deemed to be an order of assessment under section 82 for the assessment year for which the return is filed.

(2) Notwithstanding anything contained in sub-section (1) and section 93, the Board or any authority subordinate to the Board, if so authorised by the Board in this behalf, may select, in the manner to be determined by the Board, ²[a portion, not exceeding twenty per cent]. of the returns filed under sub-section (1) and refer the returns so selected to the Deputy Commissioner of Taxes for the purpose of audit and the Deputy commissioner of taxes shall thereupon proceed,if so required,to make the assessment under section 83 or section 84,as the case may be:

³[Provided that the Deputy Commissioner of Taxes shall not proceed to make any audit in respect of a return, where such return is filed in last accordance with rules for self assessment made by  the Board for that year and shows at least fifteen per cent.higher income than the income last assessed,even if the return is selected for audit.]

⁴[(3) The Deputy Commissioner of Taxes shall not proceed to make any audit under sub-section (2) in respect of a return, where such retrurn is filed in accordance with rules for self assessment made by the Board for that year and shows at least twenty per cent. higher income than the income last assessed, even if the return is selected for audit.

(4) The provisions of sub-section (2) shall not be applicable in case of a new assessee who has submitted his return of income under this section.]

⁵[(5) Notwithstanding anything contained in this section the Deputy commissioner of Taxes may initiate proceedings under section 93 if definite information regarding concealment of income comes to his possession.]

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¹Ins. by F.A. 1990, subs. by F.A. 1999 and section 83A, 83AA omitted by F.O. 2008