Income Tax

82,072 assessment cases completed in faceless manner till 10.03.2021. No faceless assessment under GST

82,072 assessment cases completed in faceless manner till 10th March 2021

Recently, the Central Government had introduced Faceless Assessment Scheme for income tax. As a result Income tax assessments are being done in a faceless manner.

The Union Minister of State for Finance & Corporate Affairs in a written reply to a question in Rajya Sabha stated that income tax assessments are being done in a faceless manner, except as provided hereunder:

(i) Assessment Orders in cases assigned to central Charges,

(ii) Assessment Order in cases assigned to International Tax Charges.

Faceless assessments have been initiated for the purposes of making assessment of total income or loss of the assessee under section 143(3) or 144 of the Income tax Act, 1961 to impart greater efficiency, transparency and accountability by eliminating the interface between the Assessing Officer and the assessee in the course of proceedings to the extent technologically feasible, optimising utilisation of the resources through economies of scale and functional specialisation and introducing a team-based assessment with dynamic jurisdiction, the Minister stated.

The Minister stated that till 10th March, 2021, total of 82,072 assessment cases have been completed in faceless manner.

It was also stated that an independent study to ascertain assessees’ experiences in faceless manner is being conducted by National Council of Applied Economic Research (NCAER). Department of Economic Affairs (DEA), Central Board of Direct Taxes (CBDT) have a tripartite arrangement with NCAER for conducting this independent assessment of Faceless Assessment Scheme of the CBDT.

It was categorically stated that there is no proposal for scrutiny of GST assessment in a faceless mode. Presently as the GST laws and rules made thereunder already provide for electronic filing and assessment of returns on the common portal. 

----------- Similar Posts: -----------
Share

Recent Posts

  • Income Tax

Addition u/s 40A(3) for cash payment to labourers for loading charges deleted

Addition u/s 40A(3) for cash payment to labour for loading charges deleted by ITAT In a recent judgment, the ITAT…

15 hours ago
  • Income Tax

Addition u/s 68 deleted as AO failed to find any discrepancy in details submitted

Addition u/s 68 deleted as AO failed to find any discrepancy in details of creditors submitted by the assessee In…

20 hours ago
  • Empanelment

Jharkhand Rajya Gramin Bank-Empanelment of retired officers as Concurrent auditors

Jharkhand Rajya Gramin Bank - Empanelment of retired officers of banks as Concurrent auditors on contract basis Jharkhand Rajya Gramin…

21 hours ago
  • Income Tax

Book Profit u/s 115JB can not be computed as per cash basis of accounting

Book Profit u/s 115JB to be computed as per Profit & Loss Account prepared under Schedule III of the Companies…

23 hours ago
  • Income Tax

Order not in conformity of Faceless Assessment Scheme if not est? – ITAT remands case

Order not in conformity of Faceless Assessment Scheme 2019 if not est? - ITAT remands the case in view of…

3 days ago
  • FCRA

Extension of the validity of FCRA registration certificates till 30.09.2024

Extension of the validity of FCRA registration certificates till 30.09.2024 Home Ministry has decided to extend the validity of FCRA…

3 days ago