CBDT notifies new units under Faceless Assessment
- News|Blog|Income Tax|
- < 1 minute
- By Taxmann
- |
- Last Updated on 14 June, 2022
Notification F.No. 187/4/2021-ITA-I, dated 10-06-2022
The Finance Act, 2022 has revamped the provisions related to Faceless Assessment as contained under section 144B. To incorporate these changes, the Central Board of Direct Taxes (CBDT) has issued notifications in suppression of the notifications issued in erstwhile provisions.
The CBDT has also notified various units under the amended provisions of faceless assessment. Since the Finance Act 2022 has amended section 144B to remove the concept of Regional Faceless Assessment Centre, the board has amended its earlier Office Order – I of even number, dated 31-03-2021, to replace the word ‘Principal Commissioners of Income-tax (ReFAC) (Technical Unit) with ‘‘Principal Commissioners of Income-tax (Technical Unit).
Further, the new units notified by the board shall act as and perform the functions of the corresponding income-tax authorities of the National Faceless Penalty Centre/Penalty Units/Penalty Review Units.
Click Here To Read The Full Notification
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