What are the rights and obligations of a taxpayer during scrutiny assessment?

During a scrutiny assessment, taxpayers have certain rights and obligations under Indian Income Tax laws. The taxpayer has the right to receive a notice under Section 143(2), with reasonable time to comply and produce relevant records. They have the right to be heard, present evidence, and provide explanations for any discrepancies. Taxpayers are obligated to truthfully disclose all material facts, maintain proper books of accounts, and cooperate with the Assessing Officer. They must furnish all relevant documents and information requested within the stipulated time frame. Failure to comply can lead to penalties or the assessment being treated as ex-parte.