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Articles for Faceless, search results for issuance

FAOs And JAOs Have Concurrent Jurisdiction For Assessment, Re-assessment Or Re-Computation U/S 147 Income Tax Act: Madras High Court
3 days, 13 hours ago

FAOs And JAOs Have Concurrent Jurisdiction For Assessment, Re-assessment Or Re-Computation U/S 147 Income Tax Act: Madras High Court

Live Law  

The Madras High Court recently clarified that both the Faceless Assessment Officer and Jurisdictional Assessment Officer have concurrent jurisdiction as far as assessment, re-assessment or re-computation under Section 147 of the Income Tax Act. In such case, the FAO will not have any jurisdiction to make assessment, re-assessment or re-computation…As far as the issuance of notice under Section 148 of …

Jurisdiction Tax Court Assessment Income Notice Act
JAO Not Empowered To Issue Section 148A(b) Notice Under Faceless Assessment: Bombay High Court
5 months, 3 weeks ago

JAO Not Empowered To Issue Section 148A(b) Notice Under Faceless Assessment: Bombay High Court

Live Law  

The Bombay High Court has held that it was not permissible for the Jurisdictional Assessing Officer to issue a notice under Section 148A, as the same would amount to a breach of the provisions of Section 151A of the Income Tax Act.The bench of Justice G. S. Kulkarni and Justice Somasekhar Sundaresan has observed that the notice was invalid and …

Bombay High Court Assessment Income Tax Notice Issue Section 148 Faceless Assessment
Introduction of Artificial Intelligence For Assessment Proceedings: CBDT Notifies Faceless Inquiry Or Valuation Scheme, 2022
2 years, 9 months ago

Introduction of Artificial Intelligence For Assessment Proceedings: CBDT Notifies Faceless Inquiry Or Valuation Scheme, 2022

Live Law  

The Central Board of Direct Taxes has notified the Faceless Inquiry or Valuation Scheme, 2022 in order to introduce the Artificial Intelligence for Assessment Proceedings under section 142 of the Income Tax Act, 1961. The Faceless Inquiry or Valuation Scheme, 2022, covers the following: issuance of notice under section 142 of the Income Tax Act; making inquiry before assessment under …

Tax Income Act Proceedings Cbdt
Govt Looks to Extend Faceless Assessment Scheme to 8 More I-T Proceedings
4 years, 3 months ago

Govt Looks to Extend Faceless Assessment Scheme to 8 More I-T Proceedings

News 18  

The government has proposed to extend the faceless assessment scheme to almost all proceedings under the income tax law, including for collection and recovery of tax and gathering of information. The Taxation and Other Laws Bill, 2020, introduced in the Lok Sabha on Friday proposes to extend faceless assessment scheme to at least eight processes in income tax law. Currently, …

Tax Scheme Faceless Assessment Faceless Assessment Scheme Scrutiny Assessment Faceless Collection