CBDT has made massive changes in the jurisdiction / authority of Income Tax Officers under Faceless Scheme
(i) Vide Notification No. 23/2021 dated 31.03.2021amendments have been made in the jurisdiction of 4195 number of Income-tax Authorities of Regional Faceless Assessment Centres (the ReFACs).
(ii) Vide Notification No. 24/2021 dated 31.03.2021 amended the (a) concurrent jurisdiction of the Principal Commissioners of Income-tax (Regional Faceless Assessment Centre) (Verification Unit) [PCIT (ReFAC)(VU)], (b) concurrent jurisdiction of Principal Commissioners of Income-tax (ReFAC)(VU) viz-a-viz Additional Commissioners of Income-tax (ReFAC) (VU) or Joint Commissioners of Income-tax (ReFAC) (VU) (c) concurrent jurisdiction of the Additional Commissioners of Income-tax (ReFAC)(VU) or the Joint Commissioners of Income-tax (ReFAC)(VU) viz-a-viz Deputy Commissioners of Income-tax (ReFAC) (VU)/ Assistant Commissioners of Income-tax (ReFAC) (VU) / Income-tax Officers (ReFAC) (VU).
(iii) vide Notification No. 25/2021 dated 31.03.2021 authorised the Assistant Commissioner of Income-tax/Deputy Commissioner of Income-tax (NaFAC) having her / his headquarters at Delhi, to act as the ‘Prescribed Income-tax Authority’ for the purpose of sub-section (2) of section 143 of the Act, in respect of returns furnished under section 139 or in response to a notice issued under sub-section (1) of section 142 of the said Act, or sub-section (1) of section 148 of the Act, for the purpose of issuance of notice under sub-section (2) of section 143 of the said Act.
Mere CBDT Instructions cannot absolve individuals of their obligation to explain the source and nature of their gold holdings, even…
Empanelment of General Observers for ICSI Examinations December 2026 ICSI has invited interested members to enroll as General Observers for…
ITAT answers some important and inter-related issues relating to deduction u/s 80IA In a recent judgment, ITAT has dealt with…
Carry forward of loss can not be denied for belated return, it is only the set off in subsequent year…
Where sales are duly recorded in books and VAT returns, to treat it bogus sales, AO must bringing cogent adverse…
Expenses to celebrate Diwali with staff creates a goodwill and, therefore amounts to expenses incurred for the purpose of business…