Penalty cases not covered under Faceless Penalty Scheme 2021 – CBDT Order u/s 119

Penalty cases not covered under Faceless Penalty Scheme 2021 – Proceedings related to Central Charges, International Tax Charges & TDS 

F. No.  187/4/2021- ITA-1
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Direct Taxes)
*****

North Block, New Delhi- 110001.
Dated the : 20th January, 2021

ORDER

Subject: Order under Para 3 of the Faceless Penalty Scheme, 2021, for assignment and disposal of penalty cases under the scheme- regarding .

The Central Board of Direct Taxes in exercise of powers conferred under Para 3 of the Faceless Penalty Scheme, 2021 hereby directs that all the penalty cases initiated under the Income-tax Act, 1961, pending as well initiated subsequently , is assigned to the National Faceless Penalty Centre to be disposed by the National Faceless Assessment Centre (read as NeAC) in accordance with order under para 4 of the Scheme, dated 20.01.2021 (F. No 187/3/2020-ITA-I), except provided as hereunder:-

(i) Penalty proceedings in cases assigned to Central Charges;

(ii) Penalty proceedings  in  cases  assigned  to  International  Tax  Charges; and

(iii) Penalty proceedings arising in TDS

2. This order shall come into force with immediate effect.

3. The Hindi version of this order shall follow.

(Gulzar Ahmad Wani)
JCIT (OSD), ITA-1

Download CBDT Order u/s 119 Click Here >>

• Commonality of directors of companies does not mean deposits received was bogus
• Application though named as rectification but if tax is not legitimate, it also touches merit: HC
• Cost of acquisition as on 01.04.1981 taken as per valuer report by reverse indexing of FMV
• AO was directed to serve notice of hearing through physical mode upon assessee 
• ICAI Intermediate & Foundation Examinations to be held thrice in a year from May/June 2024