Faceless Assessment

Brace up yourself to face the new Landscape of Assessment & Appeal

Income Tax - While the author had almost finalised the article, Notification No. 27/2021 dated 27-Feb-2021 the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Ordinance, 2020 which was promulgated on 5-Jun-2020 [while later become Act] has extended date of completion of assessment for AY 2018-19 from 31-March-2021 to 29-30-Jun...

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Dispute Resolution Scheme For Small & Medium Tax Payers-Section 245MA

Income Tax - INTRODUCTION According to a Survey India records highest rate of bribery in Asia i.e.39% and highest rate of citizens using personal connections (46%). Worries grew as inflation rate rose from 3.7% to 12.1% over 2001-2010. Bigger scams involving lakhs crores of rupees were into pockets of officials and ministers. Corruption became great h...

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Faceless ITAT- The Need of the Hour 

Income Tax - Some Income Tax professionals are not happy with the Budget proposal in respect of introduction of the scheme of Faceless ITAT. These are the same people who had  wholeheartedly & unequivocally welcomed the scheme of Faceless Assessment & Faceless Appeals before the CIT (Appeals). It is common knowledge that Faceless Assessment &...

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Faceless ITAT- Whether Denial of Oral Hearing is in Violation of Principles of Natural Justice

Income Tax - Decision to deny oral hearing at the income tax appellate stage needs to be reconsidered as otherwise the same shall not only be in violation of the principles of natural justice but the same shall also suffer from the vice of unfairness....

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Steps for Minimising Litigation: Faceless tax regime

Income Tax - For the first time in the history of India, the Finance Minister presented a paperless Union Budget for FY 2021-22 through a Made in India tablet. The government also launched a Union Budget app for accessing the budget documents, showing that the Indian government is clearly taking various measures to go digital as much as […]...

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Email id to register grievance related to Faceless Assessment

Income Tax - Exclusive email ID- ‘[email protected]’ enabled to register grievance regarding Section 142(1) notices (including roving questionnaires) issued under the Faceless Assessment Scheme 2019. The grievances received in the said email shall be closely monitored by a team of officials at National e-Assessment Cent...

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Measures taken by Government to reform Direct Tax regime

Income Tax - Over the last few years, in order to provide a non-intrusive and non-adversarial tax ecosystem, the Government has taken various measures to reform the Direct Tax regime. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs in response to a written question in the Lok Sabha today....

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Differences between current & Faceless Assessment scheme

Income Tax - Article explains Differences between current scheme & Faceless Assessment scheme, Constitution of ReACS, Consequences of No Response by Taxpayer and Functions of each of Assessment Unit, Verification Unit, Review Unit & Technical Unit which are approved by respective Range Heads. CURRENT Vs FACELESS ASSESSMENT Present Assessment S...

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Launch of ‘Transparent Taxation’ system on Income Tax Portal

Income Tax - On 13th August 2020, Honourable Prime Minister Narendra Modi has enunciated a platform to tribute the honest taxpayers of the country and ensuring awareness about honest tax payment in India. The inauguration of the “Transparent Taxation” program happened at 11 am through video conferencing. The “Transparent Taxation”...

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Gift to Honest taxpayer PM- Faceless assessment taxpayer charter implemented

Income Tax - मोदी ने ईमानदार करदाताओं को दी सौगात, फेसलेस असेसमेंट और टैक्सपेयर्स चार्टर लागू !!  ‘Transparent Taxation – Honouring the Honest’ A new platform Lunched through video conferencing by honoura...

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Faceless Appeal Scheme, 2020 -Litigation started

Lakshya Budhiraja Vs Union of India (Delhi High Court) - Lakshya Budhiraja Vs Union of India (Delhi High Court) The petition has been listed before this Bench by the Registry in view of the urgency expressed therein. The same has been heard by way of video conferencing. Present writ petition has been filed seeking a direction to the respondents to grant a...

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CBDT notifies Revised Procedure for Faceless Assessment

Notification No. 7/2021-Income Tax/S.O. 742(E) - (17/02/2021) - Assessment under Faceless Assessment Scheme, 2019 shall be made as per the following procedure, namely:‑ (i) the National e-Assessment Centre shall serve a notice on the assessee under sub-section (2) of section 143 of the Act; (ii) the assessee may, within fifteen days from the date of receipt of...

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Faceless Assessment (1st Amendment) Scheme, 2021

Notification No. 6/2021-Income Tax [S.O. 741(E)] - (17/02/2021) - CBDT amends Faceless Assessment Scheme, 2019 vide Faceless Assessment (1st Amendment) Scheme, 2021 and specified the procedure for Assessment under Faceless Assessment Scheme, 2019. Notification No. 6/2021-Income Tax Dated: 17th February, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BO...

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Cases transferred to NeAC but not falling in FAS-2019 ambit

F. No. Pr. CCIT(NeAC)/2020-21/613 - (12/02/2021) - I am directed to state that the cases where notice u/s 148 of the Act were issued by the Jurisdictional Assessing Officer (JAO) and where:- (1) Returns of income have been filed and notice u/s 143(2) of the Act has not issued by JAO or Prescribed Authority, or...

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Further Enhancements in ICES in respect of Faceless Assessment

STANDING ORDER NO. 03/2021- JNCH - (25/01/2021) - Continuing with the spirit of system-based facilitation and furthering better administration of the process of Faceless Assessment, following more enhancements have been enabled in ICES....

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Order under Para 4 of Faceless Penalty Scheme, 2021

F No. 187/4/2021-ITA-I - (20/01/2021) - Order under Para 4 of the Faceless Penalty Scheme, 2021 for directing the National Faceless Assessment Centre /Regional Faceless Assessment Centre/ Assessment Unit/ Review Unit to act as the National Faceless Penalty Centre /Regional Faceless Penalty Centre/ Penalty Unit/ Penalty Review Unit under t...

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Recent Posts in "Faceless Assessment"

Brace up yourself to face the new Landscape of Assessment & Appeal

While the author had almost finalised the article, Notification No. 27/2021 dated 27-Feb-2021 the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Ordinance, 2020 which was promulgated on 5-Jun-2020 [while later become Act] has extended date of completion of assessment for AY 2018-19 from 31-March-2021 to 29-30-Jun...

Read More
Posted Under: Income Tax |

Dispute Resolution Scheme For Small & Medium Tax Payers-Section 245MA

INTRODUCTION According to a Survey India records highest rate of bribery in Asia i.e.39% and highest rate of citizens using personal connections (46%). Worries grew as inflation rate rose from 3.7% to 12.1% over 2001-2010. Bigger scams involving lakhs crores of rupees were into pockets of officials and ministers. Corruption became great h...

Read More
Posted Under: Income Tax |

CBDT notifies Revised Procedure for Faceless Assessment

Notification No. 7/2021-Income Tax/S.O. 742(E) (17/02/2021)

Assessment under Faceless Assessment Scheme, 2019 shall be made as per the following procedure, namely:‑ (i) the National e-Assessment Centre shall serve a notice on the assessee under sub-section (2) of section 143 of the Act; (ii) the assessee may, within fifteen days from the date of receipt of notice referred to in clause (i), file ...

Read More

Faceless Assessment (1st Amendment) Scheme, 2021

Notification No. 6/2021-Income Tax [S.O. 741(E)] (17/02/2021)

CBDT amends Faceless Assessment Scheme, 2019 vide Faceless Assessment (1st Amendment) Scheme, 2021 and specified the procedure for Assessment under Faceless Assessment Scheme, 2019. Notification No. 6/2021-Income Tax Dated: 17th February, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notificat...

Read More

Faceless ITAT- The Need of the Hour 

Some Income Tax professionals are not happy with the Budget proposal in respect of introduction of the scheme of Faceless ITAT. These are the same people who had  wholeheartedly & unequivocally welcomed the scheme of Faceless Assessment & Faceless Appeals before the CIT (Appeals). It is common knowledge that Faceless Assessment &...

Read More
Posted Under: Income Tax |

Faceless ITAT- Whether Denial of Oral Hearing is in Violation of Principles of Natural Justice

Decision to deny oral hearing at the income tax appellate stage needs to be reconsidered as otherwise the same shall not only be in violation of the principles of natural justice but the same shall also suffer from the vice of unfairness....

Read More
Posted Under: Income Tax | ,

Cases transferred to NeAC but not falling in FAS-2019 ambit

F. No. Pr. CCIT(NeAC)/2020-21/613 (12/02/2021)

I am directed to state that the cases where notice u/s 148 of the Act were issued by the Jurisdictional Assessing Officer (JAO) and where:- (1) Returns of income have been filed and notice u/s 143(2) of the Act has not issued by JAO or Prescribed Authority, or...

Read More

Steps for Minimising Litigation: Faceless tax regime

For the first time in the history of India, the Finance Minister presented a paperless Union Budget for FY 2021-22 through a Made in India tablet. The government also launched a Union Budget app for accessing the budget documents, showing that the Indian government is clearly taking various measures to go digital as much as […]...

Read More
Posted Under: Income Tax |

Reduction of time limit for completing Income Tax assessment

Budget 2021- Section 153 of the Act contains provisions in respect of time-limit for completion of assessment, reassessment and re-computation under the Act. The sub-section (1) of the said section provides that the time-limit for passing an assessment order under section 143 or 144 of the Act shall be 21 months from the end of […]...

Read More
Posted Under: Income Tax |

Further Enhancements in ICES in respect of Faceless Assessment

STANDING ORDER NO. 03/2021- JNCH (25/01/2021)

Continuing with the spirit of system-based facilitation and furthering better administration of the process of Faceless Assessment, following more enhancements have been enabled in ICES....

Read More

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