The Central Board of Direct Taxes has notified the ‘Faceless Assessment (1st Amendment) Scheme, 2021’ which seeks to amend the Faceless Assessment Scheme, 2019, by way of a substituted procedure for assessment. The following new procedures have been introduced through the amendment.
National e-Assessment Centre
The National e-Assessment Centre shall serve a notice on the assessee under sub-section (2) of section 143 of the Act and therefore the assessee may, within fifteen days from the day of acceptance of sign shall folder his reply to the Nationwide e-Assessment Core. The Nationwide e-Assessment Essential will close the assessee that valuation in his circumstance will be finished below this Arrangement.
Regional e-Assessment Centre
The National e-Assessment Centre shall assign the case selected for the needs of e-assessment under this Scheme to a selected assessment unit in anybody Regional e-Assessment Centre through an automatic allocation system. In cases where such further information, documents, or evidence from the assessee or the other person is required, it's going to make an invitation to the National e-Assessment Centre. Similarly, for conducting certain inquiries or verification by verification unit or seeking technical assistance from the technical unit, it's going to make an invitation to the National e-Assessment Centre.
In cases where an invitation for obtaining further information, document, or evidence from the assessee or the other person has been made by the assessment unit, the National e-Assessment Centre shall issue appropriate notice or requisition to such assesse or person, specifying a time therein, for submitting such information, documents or evidence.
Automated Allocation System
Further, where an invitation for conducting of certain inquiry or verification by the verification unit or for seeking technical assistance has been made by the assessment unit, the request shall be assigned by the National e- Assessment Centre to a verification unit or a technical unit, because the case could also be, in anybody Regional e-Assessment Centre through an automatic allocation system. The assessee will folder his reply inside the specified period to Nationwide e-Assessment Middle and in bags of disappointment, the Nationwide e-Assessment Middle will close such disappointment to the valuation component.
Draft Assessment Order
The valuation component will brand a drawn from the tap valuation instruction, either tolerant the revenue or amount owed by, or amount refundable to, the assessee as per his reappearance or creation a variation to such income or sum and send a replica of such order to the National e-Assessment Centre.
The National e-Assessment Centre shall examine the draft assessment order by the danger management strategy specified by the Board, including by way of an automatic examination tool, whereupon it's going to plan to
The review unit shall conduct a review of the draft assessment order, mentioned it by the National e-Assessment Centre, whereupon it's going to plan to concur with the draft assessment order and intimate the National e-Assessment Centre about such concurrence; or suggest such variation, whatsoever it may deem fit, within the draft assessment order and send its suggestions to the National e-Assessment Centre.
In cases, where the eligible assesse files his objections with the Dispute Resolution Panel, the National e-Assessment Centre shall upon receipt of the directions issued by the Dispute Resolution Panel under sub-section (5) of section 144C of the Act, forward such directions to the concerned assessment unit and therefore the assessment unit shall in conformity of the directions issued by the Dispute Resolution panel under sub-section (5) of section 144C of the Act prepare a draft assessment order by sub-section (13) of section 144C of the Act and send a replica of such order to the National e-Assessment Centre.
Duty of National e-Assessment Centre
Lastly, the National e-Assessment Centre shall, upon receipt of the draft assessment order, finalize the assessment within the time allowed under sub-section (13) of section 144C of the Act and serve a replica of such order and see for initiating penalty proceedings, if any, upon the assesse, along with the demand notice, specifying the sum payable by, or refund of any amount thanks to, the assesse on the idea of such assessment. The Nationwide e-Assessment Middle will, after conclusion of the valuation, transmission all the electric annals of the circumstance to the Measuring Major consuming authority over the said circumstance for such action as could also be required under the Act.
Conclusion
The Faceless Assessment Scheme is one of the most important tax reforms in India that supported Key Principles of Efficiency, Transparency, and Accountability. The tax department is bringing a few paradigm shifts in building the long term with technology by pioneering an ecosystem of assessments and appeals founded on Data and AI. Faceless Assessment is transforming the Indian Tax Administration.
Footnotes
This Article Does Not Intend To Hurt The Sentiments Of Any Individual Community, Sect, Or
Religion Etcetera. This Article Is Based Purely On The Authors Personal Views And Opinions In
The Exercise Of The Fundamental Right Guaranteed Under Article 19(1)(A) And Other Related
Laws Being Force In India, For The Time Being. Further, despite all efforts that have been
made to ensure the accuracy and correctness of the information published, White Code Legal
and Tax shall not be responsible for any errors caused due to human error or otherwise.
