On August 13, 2020, Prime Minister Narendra Modi launched a platform for transparent taxation and has unveiled faceless assessments, faceless appeals and taxpayers’ charter. The main features of faceless assessment are analysed as under:
To ensure complete transparency in government operations.
To eliminate the need for an assessee to visit or meet any Income Tax official for any assessment proceedings.
To ensure better quality of assessment.
To reduce number of disputes and litigations.
To make tax administration corruption-free.
Faceless Assessment Under faceless assessment, taxpayers do not have to visit the Income Tax Department and therefore will not come face-to-face with any Income Tax officials. The tax assessee can attend the proceedings online and upload all the details electronically. The entire correspondence from the issue of the notice till receipt of the assessment order will be in a digital format and assessment will be finalised on merits.
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September 28, 2020