Income Tax : Explore the fairness of tax assessments & raids through a detailed analysis of a recent case. Learn about the powers of income tax...
Income Tax : Explore the necessity of issuing notices under Section 263 post the Faceless Assessment Scheme introduction. Analyze the schemes e...
Income Tax : Explore potential amendments to presumptive taxation, concerns about the New Tax Regime impact, and insights on Faceless Assessmen...
Income Tax : Explore journey of India's tax administration transformation led by PM Narendra Modi. Learn about Faceless Assessment Scheme, prom...
Income Tax : Discover the transformative Faceless Appeal Scheme (FAS) 2021 in India's direct tax system. This flagship e-governance initiative ...
Income Tax : Learn to handle faceless income tax assessments using AI tools like ChatGPT in a 2-hour live course on Sept 1, 2024. Enhance effic...
Income Tax : Income Tax Faceless Appeals before CIT (A). How to deal with this appeal in new Faceless Regime. Get the Answer of many Questions ...
Income Tax : Explore the impact of faceless tax assessment, benefits, and government's steps to address taxpayer grievances. Get insights into ...
Income Tax : KARNATAKA STATE CHARTERED ACCOUNTANTS ASSOCIATION (R) Date: Saturday, September 24, 2022 To, Smt. Nirmala Sitharaman Hon. Union Mi...
Income Tax : Representation on issues faced by Assessee/taxpayer after introduction of Faceless Appeal Scheme, which require serious deliberati...
Income Tax : Sec. 144B mandates AO to offer a hearing post show-cause notice. If requested, personal hearing is obligatory, not discretionary, ...
Corporate Law : Understand the significance of personal hearings in faceless assessments as mandated by a recent Allahabad High Court judgment. Ge...
Income Tax : The petitioner asserts that the draft assessment order, a prerequisite under Section 144B(xxi), was not provided, depriving them o...
Income Tax : In Sri Gopal Store vs AO case, Orissa High Court ruled that a minimum of seven days must be provided for compliance with a show ca...
Income Tax : Chennai Port Authority Vs DCIT (Madras High Court) The learned counsel appearing for the petitioner further submitted that the pet...
Custom Duty : F. No.450/26/2019-Cus. IV(Pt) Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes &...
Custom Duty : OFFICE OF THE COMMISSIONER OF CUSTOMS (NS – I), JAWAHAR LAL NEHRU CUSTOM HOUSE, NHAVA-SHEVA,TAL-URAN, (e-mail:appraisingmain...
Income Tax : In pursuance of sub-section (3) of section 144B of the Income-tax Act, 1961, the Central Board of Direct Taxes hereby makes the fo...
Income Tax : In pursuance of para 4 of S.O. 5429(E) Notification No. 139/2021/F.No.370142/66/2021- TPL, dated the 28th December, 2021, notifyin...
Income Tax : CBDT notifies jurisdiction of CIT(A) under Faceless Appeal Scheme, 2021 vide Notification No. 113/2022-Income Tax Dated: 13th...
Faceless Assessment Scheme, 2019 shall henceforth mutatis mutandis be applicable to the Faceless Assessment under Section 144B of the Act, except those specifically modified by issue of fresh Orders / Circulars etc.
Pr. CCsIT of the Region shall be the Cadre Controlling Authority in their area of jurisdiction in respect of all field formations including Faceless charges (ReFACs), Central charges, International Taxation & Transfer Pricing charges, Investigation Directorates, Exemption charges & DTRTI etc., along with the Jurisdictional Hierarchy.
CBDT hereby sets up the Regional Faceless Assessment Centres (ReFACs), as specified in Column 2 of the Schedule below, with their headquarters at the places mentioned in Column 3 of the said Schedule and shall comprise of the Income-tax Authorities as per Annexure to this order.
In a tweet Anurag Thakur, MoS for finance has clarified that there is No such proposal for scrutiny of GST assessment in a faceless mode is under consideration of the government presently as the GST laws and rules made thereunder already provide for electronic filing and assessment of returns on the common portal,With regard to […]
82,072 assessment cases completed in faceless manner till 10th March 2021 Income tax assessments are being done in a faceless manner, this was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today. The Minister further stated that income […]
Buying property is dream come true for buyers. Every person wants to earn and purchase property which he or she can own in his or his family members and loved one name. Buyers invests his hard-earned money in buying property and many a times land up in difficult situation because everyone knows that tax is […]
Hon’ble Orissa High Court Admitted the Writ Petition Filed By CTBA against Faceless Appeal Scheme The Cuttack Tax Bar Association (Life Member of AIFTP) filed the Writ Petition against the Notification of Union Government for Faceless Appeal Scheme bearing W.P.(C) No.33457 of 2020, which was listed for hearing in the Court of Hon’ble Chief Justice […]
Representation with respect to ‘Faceless Appeal Scheme’ proposed to be introduced in the functioning of Income Tax Appellate Tribunal (ITAT), by the Finance Bill 2021
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-June-2021. But one must note that the […]
Order under Para 3 of the Faceless Penalty Scheme, 2021, for defining the scope of ‘Penalties’ to be assigned to the Faceless Penalty Scheme, 2021 – regarding F No. 187/4/2021-ITA-I Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ***** North Block, New Delhi – 110001 Dated the 26th February, […]
