The taxpayer through electronic means using Compliance Portal gives expalnation. Based on the explanation provided, a view will be formed by the Prescribed Authority about the transaction having/not having been reflected in ITR. After this process a communication will be sent to the taxpayer informing:

a)The taxpayer is not currently required to provide any additional clarification on the matter under verification proceedings, or

b) The explanation provided is deemed insufficient to account for the discrepancy in the particular information, and the taxpayer may, if qualified, update the income return in accordance with Section 139(8A) of the Act.