Cs Preeti Roongta (Proprietor) 12 February 2021
In line with the Scheme of Government, a new sub-section in Section 255 of the Act is proposed to be inserted to launch the faceless scheme for ITAT proceedings on the same line as faceless appeal. This is being proposed to impart greater efficiency, transparency and accountability to the assessment process, appeal process and penalty process under the Act. Further vide taxation and Other Laws Act, 2020 the Central Government has been empowered to notify similar schemes in respect of many other processes under the Act.
To Conclude:
With the introduction of this system it is expected that the Income Tax department streamlines the assessment and appeal mechanisms and thereafter, launches faceless proceedings for ITAT.
Stay updated with latest Discussion!
Member Strength 33,10,277 and growing..
CAclubindia
