Income Tax - CBDT vide notification No. 07/2022 dated 18.01.2022, notified e-advance rulings Scheme, 2022, which is applicable with effect from 18-01-2022. The scheme provides for faceless scheme in case of Advance Ruling....
Read MoreIncome Tax - The laid down procedure of allowing a maximum of three adjournments per case is not followed in over fifty per cent of the matters being heard, leading to rising pendency of cases, a government panel had said few years back. The panel therefore stressed that the law of three adjournments should be strictly followed to […]...
Read MoreIncome Tax - The faceless assessment scheme was introduced in India on 13th August 2020. It is a part of the Government of India’s initiative to reduce the interface between taxpayers and tax officials. The scheme is aimed at reducing the compliance burden of taxpayers and making the tax system more efficient and transparent. Under the scheme, all [...
Read MoreIncome Tax - Faceless assessment is a system of income tax assessment introduced by the Indian government in August 2020. It is designed to make the process of income tax assessment more efficient and less time-consuming for taxpayers. Under the faceless assessment system, assessments are conducted electronically without the need for taxpayers to phys...
Read MoreIncome Tax - Abstract In recent years, the tax department has introduced e-proceedings, faceless assessment, and faceless appeal to prevent incidences of harassment or other misconduct by the tax authorities. The Central government has been working for some time to improve the transparency, efficiency, and accountability of Income Tax Assessment and t...
Read MoreIncome Tax - KARNATAKA STATE CHARTERED ACCOUNTANTS ASSOCIATION (R) Date: Saturday, September 24, 2022 To, Smt. Nirmala Sitharaman Hon. Union Minister of Finance and Corporate Affairs Government of India Hon’ble Madam, SUBJECT: Request to issue SOP to the officers to improve the effectiveness of the Video Conference proceedings in the faceless regime...
Read MoreIncome Tax - Representation on issues faced by Assessee/taxpayer after introduction of Faceless Appeal Scheme, which require serious deliberation ...
Read MoreIncome Tax - CBIC has endeavored to provide an Anonymized Escalation Mechanism for ICEGATE registered users where they submit their grievance for delay in Bill of Entry clearance under faceless assessment. The delay in clearance would subsequently be escalated to the concerned Faceless Assessment Officers....
Read MoreIncome Tax - In assessment proceedings through the ‘e-Proceedings’ functionality, there is a seamless flow of letters, notices, questionnaires, orders etc. from Assessing Officer to assessees’ e-Filing account....
Read MoreIncome Tax - Like an examiner who examines answer sheets of an unknown pupil of a Board Exams, without any discrimination as to caste, creed, gender, race, religion etc, the faceless proceedings augment these features with an additional feature relevant to Taxation viz. the Economic Status of the assessee....
Read MoreChandubhai Dhanabhai Vaghela Vs National Faceless Assessment Centre (Gujarat High Court) - HC held that Once there is a request for personal hearing and as the law provides for availing the opportunity of personal hearing, this unilateral decision on the part of the assessing officer without availing opportunity of hearing is contrary to Section 144B (9) of the Income-Tax Act, 1961...
Read MoreDr. Thuruthiyath Suma Vs NFAC (Kerala High Court) - Petitioner must file the stay petition before the National Faceless Appeal Centre and not before the jurisdictional Appellate Commissioner, who has no jurisdiction to hear the appeal/stay petition filed by the petitioner after the National Faceless Appeal Assessment/Appeal scheme came into force....
Read MorePallavi Naresh Shah Vs. Union of India (Bombay High Court) - Pallavi Naresh Shah Vs. Union of India (Bombay High Court) No reply was filed by the assessee due to technical glitch on portal. order passed subsequently, under Section 147 r/w section 144B of the Income Tax Act, 1961 set aside. Matter remanded back. The Petitioner challenged the order of assessmen...
Read MoreS R Cold Storage Vs. Union Of India And 3 Others (Allahabad High Court) - Allahabad HC quashed Income Tax reassessment Order notices for violating principle of natural justice & imposed Rs. 50 Lakh cost on Officers...
Read MoreBank of India Vs ACIT (ITAT Mumbai) - CIT(A), NFAC has erred in not granting an opportunity to the appellant bank to present the case through the video conferencing as specified under the Faceless Appeals Scheme 2020...
Read MoreNotification No. 113/2022-Income Tax [S.O. 4873(E).] - (13/10/2022) - CBDT notifies jurisdiction of CIT(A) under Faceless Appeal Scheme, 2021 vide Notification No. 113/2022-Income Tax Dated: 13th October, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 113/2022-Income Tax Dated: 13th October, 2022 S.O....
Read MoreCircular No. 16/2022-Customs - (29/08/2022) - CBIC decided to introduce RMS generated uniform examination orders at all Customs stations across the country. This functionality is expected to enhance the uniformity in examination, and lower the time taken in the process as well as reduce associated costs....
Read MoreNaFAC/Delhi/CIT-1/2022-23/112/92 - (03/08/2022) - Standard Operating Procedure (SOP) for Assessment Unit (AU), Verification Unit (VU), Technical Unit (TU) and Review Unit (RU) under the Faceless Assessment provisions of Section 144B of the Income-tax Act. National Faceless Assessment Centre, Delhi NaFAC/Delhi/CIT-1/2022-23/112/92 Dated: 03/08/2022 ...
Read MoreNaFAC/Delhi/CIT-I/2021-22/105 /49 - (14/06/2022) - Roll out of first phase of changes in ITBA functionalities for Faceless Assessment due to amendments in Section 144B by Finance Act, 2022. National Faceless Assessment Centre, Delhi 4th Floor, Mayur Bhawan, Connaught Lane, Connaught Place, New Delhi 110001 NaFAC/Delhi/CIT-I/2021-22/105 /49 | Dated: ...
Read MoreF No. 187/4/2021-ITA-I - (10/06/2022) - Income-tax Authorities of the NaFAC/ AUs/ RUs e. Pr.CCIT/CIT/ Addl.CIT/Jt.CIT/DCIT/ACIT/ITO shall act as and perform the functions of the corresponding Income-tax authorities of the National Faceless Penalty Centre/ Penalty Units/ Penalty Review Units respectively....
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Chandubhai Dhanabhai Vaghela Vs National Faceless Assessment Centre (Gujarat High Court) -
Dr. Thuruthiyath Suma Vs NFAC (Kerala High Court) -
Pallavi Naresh Shah Vs. Union of India (Bombay High Court) -