Introduced to eliminate human interface and enhance accountability, faceless assessment has improved digital transparency but raised concerns over natural justice and technical ...
The Tribunal ruled that a reassessment order passed prior to notification of the faceless reassessment scheme under Section 151A was without jurisdiction. As the enabling notification came after the ...
Sold as a clarification, the Finance Bill retrospectively rewrites the rules of faceless assessment—formally stripping it of reopening and prosecution-triggering powers, and validating thousands of ...
MUMBAI (Reuters) - Indian tax officials are pushing back against Prime Minister Narendra Modi's new faceless tax assessment program, complaining about a lack of consultation and inadequate resources ...
The Income Tax Appellate Tribunal has clarified the limits of Section 263 of the Income Tax Act. A recent ruling quashed a revisionary order, emphasizing that tax authorities cannot use this section ...
The Income Tax Department recently highlighted a Chartered Accountant’s post on X regarding the working of the current income tax scrutiny process. The Income Tax Department stated that the post by ...
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