The Central Board of Indirect Taxes and Customs has decided to implement system-generated centralised examination orders in a phased manner in the case of risk-based selection for examination after assessment from the 5th of September, 2022. As per the system, the standardised examination orders will be centrally generated by RMS and populated on the corresponding Bill of Entry, based on …
The income tax department will soon start sending out intimation to assessees undergoing scrutiny that such cases would now be handled under faceless assessment, a tax official said on Friday. CBDT Additional Commissioner Jaishree Sharma also said that domestic transfer pricing cases too will be covered under the faceless assessment mechanism. The Central Board of Direct Taxes had earlier this …
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