What are the implications and remedies available after a scrutiny assessment?

After a scrutiny assessment, the taxpayer has the right to file an appeal against the assessment order if they disagree with the Assessing Officer’s findings. The appeal can be filed with the Commissioner of Income Tax (Appeals) within 30 days of the assessment order under Section 246A. If still aggrieved, further appeals can be made to the Income Tax Appellate Tribunal, High Court, and Supreme Court. Taxpayers may also seek rectification of any apparent mistakes under Section 154 or pursue other remedies like revision of the order under Section 263 or 264. Penalties may be imposed for non-compliance or concealment of income during scrutiny.