CBDT excludes cases getting time-barred on 31-03-22 from the Faceless Assessment regime
- News|Blog|Income Tax|
- < 1 minute
- By Taxmann
- |
- Last Updated on 21 March, 2022
Latest from Taxmann
Order F no. 187/3/2020-ITA-I, dated 17-03-2022
Section 144B provides the manner in which assessment under Section 143(3) and best judgment assessment under Section 144 shall be conducted in a faceless manner. All the assessments with effect from 01-04-2021 shall be conducted as per the provisions of this section only, except in those cases not covered within the scope of faceless assessment.
The CBDT has notified another case wherein the assessment shall not be completed facelessly. The Board has said that cases pending with Jurisdictional Assessing Officer as on 15-3-2022 or thereafter, for which the time limit for completion expires on 31-03-2022, shall be out of the purview of faceless assessment under section 144B if such cases cannot be completed within limitation period due to technical or procedural constraints.
Click Here To Read The Full News
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
