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

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 …

Faceless Assessment Scheme Does Not Mean No Personal Hearing, Mandatory Requirement U/S 144B Of Income Tax Act: Delhi High Court

The Delhi High Court has made it clear that the Central government's recent 'faceless assessment scheme', launched with an aim to eliminate the human interface between the taxpayer and the income tax department, does not mean that the assess shall not be given a personal hearing.The division bench comprising of Justices Manmohan and Navin Chawla observed,"a quasi judicial body. The …

Faceless Assessment Scheme: Kerala High Court Issues Notice To Centre On Plea Challenging Constitutionality Of S.144B Of IT Act

The Kerala High Court has admitted a batch of writ petitions challenging the constitutional validity of the Faceless Assessment Procedure under Section 144B of the Income Tax Act.Justice Bechu Kurian Thomas issued notice to the Central government in the matter and temporarily stayed all further proceedings pursuant to the assessments made against the petitioners.The Faceless Assessment Scheme. The Kerala High …

The Indian government has embarked on a journey of adoption of technology and digitization in governance processes and citizen services over the last few years. The faceless assessment scheme was launched in 2020 with the objective of promoting an efficient and effective tax administration, minimizing physical interface, increasing accountability and introduction of team-based assessments. Modus operandi Faceless assessment is administered …

Faceless Appeal Scheme Not Available in Serious Fraud, International Tax Cases

The Income Tax faceless appeal scheme is not available in cases relating to serious fraud, major tax evasion, international tax and those under black money Act and benami property, the Finance Ministry said on Wednesday. The faceless appeal scheme was launched on September 25 and provides a fully faceless procedure for appeals to Commissioner. However, cases relating to serious frauds, …

Faceless Appeal Scheme

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

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, …

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Faceless Assessment Scheme

Tax Sharma Faceless Assessment Faceless Assessment Scheme Neac

While launching a new tax scheme on Thursday to honour and encourage honest taxpayers, Prime Minister Narendra Modi said the platform for “Transparent Taxation – Honoring the Honest” offers big reforms such as faceless assessment, faceless appeal, and taxpayers charter. “Faceless assessment and taxpayers charter come in force from today, whereas faceless appeal service will be available from September 25,” …

Prime Minister Narendra Modi launched a new tax scheme on Thursday in a bid to honour and encourage honest taxpayers of the country. “When the life of an honest taxpayer of the country becomes easy, he moves forward, then the country also develops and moves forward,” he said Finance Minister Nirmala Sitharaman said that the prime minister’s vision is to …

New Delhi: The income tax department’s scheme for assessing tax returns electronically without any personal contact between officials and tax payers has become effective, with the government notifying the e-assessment scheme, 2019, on Friday. The scheme is part of the government’s efforts to reduce human discretion in the assessment and scrutiny of tax returns that in turn could help eliminate …