About the Author I-5
Preface to Seventh Edition I-7 Acknowledgement I-9 About the Book I-11 Chapter Heads I-15 “WHAT’S IN A FACE?” (A Poetic Tribute to the New Era of Faceless Assessments) 1
CHAPTER 1
FACELESS ASSESSMENTS GOT A NEW LEASE OF LIFE
1.0 Epilogue: Faceless assessments got a new lease of life 3
1.1 Problematic issues to be addressed for the Faceless Assessments tax reform clock not to be turned back 3
1.2 Prologue: Metamorphosis of Faceless Assessment regime 8
1.3 Key Characteristics of New Faceless Regime of assessments 12
1.4 Difference between conventional E-Proceedings assessments & new faceless assessments u/s 144B of Income-tax Act 13
1.5 Key de nitions 18
1.6 Infographic presentation of new prescribed procedure of Faceless assessments in substituted section 144B 22
1.7 Faceless assessments: Our own AI & ML based GPT 23
1.8 Time for some lighter moments 23
CHAPTER 2
2.0
2.1
2.2
2.3
2.4
2.5
2.6
2.7
2.11
2.12
2.13
CHAPTER 3
FAQs ON STANDARD OPERATING PROCEDURES (SOPs) FOR FACELESS ASSESSMENT PROCEEDINGS U/S 144B OF THE
3.0 FAQs on Standard Operating Procedures (SOPs) to be Adhered by Assessment Units (AUs) in the conduct of Faceless assessment proceedings u/s 144B
3.1 Which category of cases are to be assigned to an Assessment Unit (AU) in a faceless hierarchy?
3.2
3.3 How is it ensured that cases excluded u/s 144B(2) are not being assigned to AU?
3.4 In reopened cases, what is to be done by AU on assignment of such case?
3.5 When initial scrutiny questionnaire is to be issued by AU?
3.6 Before issuing initial questionnaire, which considerations AU must bear in mind?
3.7 Which queries should ideally be included by AU in the initial questionnaire?
3.8 What is the process for issuance of notice u/s 142(1) of the Act?
3.9 How much time AU must give the assessee to respond to a notice?
3.10 What is to be done by AU where there is no response from the assessee to the initial notice u/s 142(1), within the compliance date?
3.11 What are the prescribed timelines for grant of adjournment to the assessee by AU?
3.12 What is the procedure to be followed by AU on receipt of reply to the initial notice u/s 142(1) by the assessee?
3.13 What is to be done by AU if the assessee doesn’t respond to notice u/s 142(1) even after the lapse of adjourned time limit?
3.14 What is the assessment procedure in case of non-compliance of notice u/s 142(1) and passing of best judgment assessment u/s 144 of the Act in a fair & reasonable manner?
3.15 In which circumstances, AU may make a reference to the Technical Unit (TU)?
3.16 What is the procedure to be followed by AU for making a reference to VU?
3.17 What is to be done by AU where the assessee seeks cross examination of witness not having any digital footprint?
3.18 What is the procedure to be followed by AU for making a reference to Technical Unit (TU)?
3.19 Under what circumstances AU can make a reference to NaFAC for special audit u/s 144B(7)?
3.20 How AU shall proceed for making a reference to NaFAC for Special Audit u/s 144B(7)?
3.21 What is the procedure to be followed by AU for issuance of Show Cause Notice (SCN) to the assessee?
3.22 What is the procedure to be followed by AU for Granting personal hearing in respect of the SCN to the assessee?
3.23 What is the procedure to be followed by AU for Preparation of Income & Loss Determination Proposal (ILDP)?
3.24 What is the procedure to be followed by AU on receipt of report of RU, in cases where ILDP prepared by it has been referred by NaFAC to RU for review?
3.25 What is the procedure to be followed by AU for preparation of Draft order?
3.26 What is the procedure to be followed by AU for preparation of Final Assessment Order?
3.27 What all considerations are to be kept in mind by AU in passing the nal assessment order? 61
3.28 How AU shall proceed with the PAN marked as fraud by ITBA?
3.29 What is the role of AU with reference to withholding of assessee’s refund u/s 241A?
3.30 What is the role of AU with reference to provisional attachment of assessee’s immovable property u/s 281B?
CHAPTER 4
PRACTICAL GUIDE TO e-PROCEEDINGS
4.1 Launch of New Income-tax ‘E- ling portal’ & New ‘E-Proceedings’ utility 64
4.2 Step-by-step Guide to ‘Faceless Assessment Proceedings’ under sections 143(3), 144 and 147/143(1)
4.3 Other sections 88
CHAPTER 5
CRITICALITY OF PRINCIPLE OF NATURAL JUSTICE IN FACELESS ASSESSMENTS
5.0 Meaning of principle of Natural Justice 89
5.1 Signi cance of principle of natural justice in faceless assessments 89
5.2 Legislative provisions ensuring adherence to the Principle of Natural Justice in faceless assessments 90
5.3 Omission of sub-section (9) of section 144B: Set Back to the Principle of Natural Justice 92
5.4 Principle of Natural Justice not adhered to in Faceless Assessment: Writ or regular appeal? 94
CHAPTER 6
PRACTICAL GUIDE TO PRINCIPLE OF NATURAL JUSTICE IN FACELESS ASSESSMENTS
6.1 Recent judicial precedents Highlighting the criticality of the adherence of the Principle of Natural Justice in Faceless Assessments 95
6.2 Omission of section 144B(9) will not make faceless assessments made in contravention of Principle of Natural Justice, Immune/Faceless assessment order made in contravention of Principle of Natural Justice remitted back to AO & not quashed 95
6.3 Faceless assessments made in contravention of principle of natural justice quashed & not just set aside [SLP of assessee admitted by Supreme Court] 96
6.4 Faceless Assessment order passed without considering reply of assessee violates section 144B(1)(xiv) [Now substituted with section 144B(1)(xv)] of the Income-tax Act
6.5 Faceless assessment order without passing Draft assessment order & without serving income & loss determination proposal set aside 97
6.6 Faceless assessment order passed without giving adequate time to reply set aside 98
6.7 Where SCN suffered from vice of pre-determination, faceless assessment order stood vitiated 99
6.8 Faceless assessment order made with additions not show caused in draft assessment order quashed 99
6.9 Omission of section 144B(9) by Finance Act, 2022, not unconstitutional 100
6.10 Faceless assessment order passed without responding to assessee’s adjournment request set aside
6.11 Where response page got closed due to technical glitch in IT Portal, revenue directed to open response window
6.12 Non-speaking faceless assessment order without considering reply of assessee set aside
6.13 No infringement of principles of Natural Justice if assessee utilised the short time period opportunity to reply
6.14 Faceless assessment order passed by simply cut copy pasting draft assessment order, without considering reply of assessee, set aside
6.15 High pitched faceless assessment order passed rejecting Documentary evidence furnished in regional language remanded back to AO
6.16 Faceless assessment order passed not considering assessee’s objections led with DRP u/s 144C(2) set aside
6.17 Faceless assessment order passed in gross violation of principles of Natural Justice ignoring Standard Operating Procedure (SOP) quashed
6.18 Faceless assessment order passed without considering assessee’s reply as evidenced by system generated acknowledgement set aside
CHAPTER 7
7.0 Vested right of personal hearing through video conferencing in faceless assessments
7.1 Amendment brought by Finance Act, 2022, vesting the right of personal hearing through video conferencing to assessees, in faceless assessments
7.2 Rationale for bringing in the amendment
7.3 Step-by-step guide to avail opportunity of personal hearing through video conferencing
7.4 Personal hearing through video conferencing not granted: writ or regular appeal?
CHAPTER 8
LEGAL JURISPRUDENCE IN PERSONAL HEARING THROUGH VIDEO CONFERENCING IN FACELESS ASSESSMENTS
8.1 Understanding practical aspects of the vested opportunity of personal hearing through video conferencing in faceless assessments through case laws
8.2 Whether non-granting of personal hearing through video conferencing will fall foul of Principle of Natural Justice?
8.3 Whether personal hearing through video conferencingA vested right of assessee?
8.4 Whether denial of personal hearing through video conferencing is violative of provisions of section 144B(6)(vii)/(viii) of the Income-tax Act?
8.5 Whether faceless assessment order passed without granting meaningful personal hearing to be set aside?
8.6 Whether grant of personal hearing through video conferencing with technical glitches - A reasonable opportunity of being heard?
8.7 Whether personal hearing through video conferencing to be granted to assessee only if the assessee asks for it?
8.8 Whether assessee can ask for physical hearing in place of virtual hearing?
8.9 Where link for virtual hearing was not provided even when the assessee opted for the same, faceless assessment order passed after one month, to be set aside
CHAPTER 9
PRACTICAL GUIDE TO ISSUANCE & SERVICE OF NOTICE & ORDER IN FACELESS ASSESSMENTS
9.1 What constitutes a valid ‘issue’, ‘dispatch’ & ‘service’ of notice & order under faceless assessments regime?
9.2 Whether the date of digitally signing the notice or order is to be considered as the date of issuance and service of such notice or order?
9.3 Understanding practical aspects of the ‘issuance’ & ‘service’ of notice & order in faceless assessments through Case Laws
CHAPTER 10
PRACTICAL GUIDE TO OVERCOME SPACE CONSTRAINT LIMITATIONS IN UPLOADING SUPPORTING DOCUMENTS IN FACELESS ASSESSMENTS
10.0 Practical limitations in uploading supporting attachments and les along with a response in faceless assessment proceedings
10.1 Practical tips to overcome space constraints in ling effective responses/submissions to scrutiny notice under section 143(2)/142(1)/SCNs and other requisitions
10.2 Recent case laws addressing the space constraint limitations in uploading supporting attachments along with replies in faceless assessment proceedings
10.3 Suggestive solutions to IT Portal’s restrictions qua number of attachments & le uploading size
CHAPTER 11
MISCELLANEOUS CRITICALITIES IN FACELESS ASSESSMENTS
11.0 Addressing miscellaneous criticalities in faceless assessments in light of recent case laws
11.1 Reconsideration of exercise of revisionary powers of PCIT u/s 263/264 in faceless assessments regime
11.2 Validity of frequent transfer of faceless assessments & penalty cases, from faceless hierarchy to jurisdictional AO
11.3 Legality of closing response window before the completion of time barring limitation period of faceless assessments
CHAPTER 12
FACELESS REASSESSMENT UNDER NEW REGIME
12.1 Introduction of faceless Reassessment under New Regime
12.2 Substitution of “Reason to Believe” by “Information in Possession”
12.3 Meaning of the term “Information” as per Finance Act, 2021 143
12.4 Expansion in scope of the term “Information” by Finance Act, 2022 143
12.5 Conducting enquiry, providing opportunity before issue of Notice u/s 148 [Section 148A, applicable w.e.f. 1.4.2021]
12.6 Limitation period for issuance of notice u/s 148 [Section 149 as amended by Finance Act, 2021] 144
12.7 Amendments made by Finance (No. 2) Act, 2024 in New Reassessment Regime 145
12.8 Legislative Intent v. Ground Level Implementation 148
12.9 Circumvention of the reduced limitation period of 3 years 150
12.10 What is the meaning of ‘risk management strategy of CBDT’? 150
12.11 Concluding remarks 151
CHAPTER 13
PRACTICAL GUIDE TO FACELESS REASSESSMENT UNDER NEW REGIME
13.0 Emerging legal jurisprudence on New Faceless Reassessment Regime 153
13.1 SCN u/s 148A(b) & Order u/s 148A(d) & Notice u/s 148 to be issued by Faceless Assessing Of cer (FAO) & not by Jurisdictional Assessing Of cer (JAO)
13.2 Reopening Notice u/s 148 for AYs 2013-14 & 2014-15, issued under old reassessment regime and deemed as SCN u/s 148A(b), by revenue relying upon Ashish Aggarwal judgment of SC, are barred by limitation, based on rst proviso to section 149, as fth proviso will not apply
13.3 Reopening Notice issued under old section 148 for AYs 2016-17 & 2017-18, deemed as SCN u/s 148A(b), as per Ashish Aggarwal judgment of SC, are invalid if approval u/s 151 not obtained from PCCIT
13.4 Order passed u/s 148A(d) and reopening notice issued u/s 148 under the new reassessment regime unsustainable if passed merely on the basis of change of opinion
13.5 Where JAO has not applied an independent application of mind on information received from investigation authority, impugned reassessment notice set aside
13.6 Order Passed u/s 148A(d) without dealing with assessee’s reply in response to notice u/s 148A(b) remanded back
13.7 Where reason for issuance of notice u/s 148A(b) was itself de hors available record, such SCN issued u/s 148A(b) and order passed u/s 148A(d) were liable to be set aside
13.8 Invocation of extended period of limitation of 10 years for reopening of assessments as per section 149(1)(b) on assumption basis by AO, in contradiction to the actual escapement of income of less than ` 50 lacs, invalidates the reassessment proceedings
CHAPTER 14
GUIDELINES FOR COMPULSORY SELECTION OF CASES FOR COMPLETE SCRUTINY IN FY 2024-25 IN FACELESS REGIME
14.1 Guidelines for compulsory selection of cases for complete scrutiny in FY 2024-25 in Faceless Regime
CHAPTER 15
PRACTICAL CASE STUDY ON ADDITION BASED ON DENIAL OF BENEFIT OF NEW PERSONAL TAX REGIME IN FACELESS ASSESSMENT
15.0 Legislative provisions w.r.t. introduction of New/Alternate Personal Tax Regime 167
15.1 Break-even point analysis to make an informed choice between the Old & the New Personal Tax Regime 168
15.2 Recent case laws on denial of bene t of new Regime for delayed ling of Form 10-IE
15.3 Case Study on addition on account of denial of the bene t of reduced tax rates of the new personal tax regime
CHAPTER 16
PRACTICAL CASE STUDY ON DISALLOWANCE OF BROUGHT FORWARD BUSINESS LOSSES PURSUANT TO DEMERGER/AMALGAMATION IN FACELESS ASSESSMENT
16.1 Allowability of carry forward & set-off of accumulated business loss & unabsorbed depreciation in amalgamation
16.2 Allowability of carry forward & set-off of accumulated Business loss & unabsorbed depreciation in demerger
16.3 Legislative provisions of carry forward & set-off of business loss & unabsorbed depreciation in amalgamation & demerger
16.4 Allowability of the brought forward capital losses & mat Credit of amalgamating/demerged entity in the hands of the amalgamated/resulting entity
16.5 Recent case laws on allowability of brought forward business losses & unabsorbed depreciation in amalgamation/ demerger
16.6 Case Study on disallowance of brought forward business losses pursuant to demerger/amalgamation
CHAPTER 17
PRACTICAL CASE STUDY ON ADDITION BASED ON AIS INFORMATION IN FACELESS ASSESSMENT
17.1 Reporting of Speci ed Financial Transactions (SFTs) in Annual Information Return (AIR) by speci ed entities
17.2 New functionality in AIS rolled out displaying status of information con rmation
17.3 Use of AI & ML tools by Indian Tax Administration to process AIS based information
17.4 Case Study on addition based on AIS information of purchase of time/ xed deposits with Bank
CHAPTER 18
PRACTICAL CASE STUDY ON ADDITION BASED ON PURCHASE OF IMMOVABLE PROPERTY IN FACELESS ASSESSMENT
18.1 Case Study on addition of unexplained expenditure u/s 69C on account of purchase of immovable property 194
CHAPTER 19
PRACTICAL CASE STUDY ON ADDITION BASED ON DIFFERENT REVENUE RECOGNITION CRITERIA IN REAL ESTATE BUSINESS IN FACELESS ASSESSMENT
19.1 Case Study on addition based on different revenue recognition criteria in real estate business
CHAPTER 20
PRACTICAL CASE STUDY ON ADDITION OF UNDISCLOSED INCOME IN FACELESS ASSESSMENT
20.0 Legislative scheme for taxation of undisclosed income 204
20.1 How to handle taxability of share capital receipts as unexplained cash credits u/s 68?
20.2 Case Study on addition of share capital money/premium Receipts as unexplained cash credit u/s 68
CHAPTER 21
PRACTICAL CASE STUDY ON ADDITION OF CASH DEPOSITS BASED ON AUDIT OBJECTION IN NEW REASSESSMENTS REGIME
21.1 Whether cash deposits made out of regular cash sales recorded in the books of account, be treated as unexplained cash credits u/s 68?
21.2 Case Study on addition of cash deposits in bank as unexplained cash credit u/s 68 in faceless reassessment based on audit objection
CHAPTER 22
PRACTICAL CASE STUDY ON ADDITION OF LONGTERM CAPITAL GAIN ON PENNY STOCKS IN FACELESS ASSESSMENT
22.1 How to handle issue of addition of Long-Term Capital Gain on Penny Stocks? 231
22.2 Recent case law on Addition of Long-Term Capital Gain on Penny Stock 232
22.3 Case Study on addition of Long-Term Capital Gain on Penny Stocks 233
CHAPTER 23
PRACTICAL CASE STUDY ON DISALLOWANCE OF RELATED PARTY EXPENDITURE IN FACELESS ASSESSMENT
23.1 Case Study on disallowance of interest paid to sister concern u/s 36(1)(iii) 241
CHAPTER 24
PRACTICAL CASE STUDY ON IND AS ADJUSTMENTS IN FACELESS ASSESSMENT
24.1 Case Study on Ind AS adjustments in income 248
CHAPTER 25
PRACTICAL CASE STUDY ON DISALLOWANCE U/S 14A & RULE 8D IN FACELESS ASSESSMENT
25.1 Case Study on disallowance u/s 14A read with rule 8D 254
CHAPTER 26
PRACTICAL CASE STUDY ON DISALLOWANCE OF PRE-COMMENCEMENT BUSINESS EXPENDITURE IN FACELESS ASSESSMENTS
26.1 Case Study on issue of disallowance of pre-commencement business expenditure 262
CHAPTER 27
PRACTICAL CASE STUDY ON ADDITION OF COMPENSATION RECEIVED UNDER RFCTLARR ACT, 2013 IN FACELESS ASSESSMENTS
27.1 Case Study on issue of addition of compensation received towards compulsory acquisition of land under Right to Fair Compensation & Transparency in Land Acquisition, Rehabilitation & Resettlement Act, 2013 (RFCTLARR Act)
CHAPTER 28
PRACTICAL CASE STUDY ON ADDITION BASED UPON ANNUAL INFORMATION RETURN (AIR) INFORMATION
28.1 Case Study on additions based upon Annual Information Return (AIR) Information
CHAPTER 29
PRACTICAL CASE STUDY ON REVENUE RECOGNITION & EXPENDITURE BOOKING IN REAL ESTATE BUSINESS IN FACELESS ASSESSMENTS
29.1 Case Study on issue of accounting for revenue recognition & expenditure booking in real estate business
CHAPTER 30
FACELESS APPEALS IN ITS NEW AVATAR
30.1 Catching up on all signi cant developments in Faceless Appeal Regime
30.2 Difference between conventional appeals before CIT (Appeals) & Faceless Appeals under the newly substituted faceless appeal scheme, 2021
30.3 Key de nitions
30.4 Pictorial presentation of modi ed procedure of conduct of faceless appeals
CHAPTER 31
DECODING FACELESS APPEAL SCHEME, 2021
31.0 Threadbare analysis of amendments brought in by legislature in the substituted ‘Faceless Appeal Scheme, 2021’
31.1 Scope and coverage of Faceless Appeal Scheme, 2021
31.2 The New Faceless Appeals Hierarchy
31.3 Procedure of Conduct of Faceless Appeals
31.4 Exchange of Communication Exclusively by Electronic Mode: For the purposes of this Scheme
31.5 Authentication of Electronic Record: For the purposes of this Scheme, an electronic record shall be Authenticated
31.6 Delivery of electronic record
31.7 No Personal appearance in the appeal centres or units & vested right of personal hearing through video conferencing
31.8 Penalty proceedings
31.9 Recti cation proceedings
31.10 Appellate proceedings
31.11 Power to specify format, mode, procedure and processes
31.12 Comparison Between Faceless Appeal Scheme, 2020 & Faceless Appeal Scheme, 2021 310
CHAPTER 32
PRACTICAL GUIDE TO FACELESS APPEALS
32.1 Step-By-Step Guide to File E-Appeal in Online Form 35 through E-Filing Portal
CHAPTER 33
PRACTICAL CASE STUDY ON DISALLOWANCE OF PURCHASES TREATING THEM AS BOGUS IN FACELESS APPEALS
33.1 Case Study on Appeal Representation w.r.t. disallowance of purchases treating them as bogus
33.2 Recent case law on disallowance of bogus purchases
CHAPTER 34
PRACTICAL CASE STUDY ON DISALLOWANCE OF DEDUCTION U/S 35D IN FACELESS APPEALS
34.1 Case Study on appeal representation w.r.t. disallowance of deduction u/s 35D of the Income-tax Act
CHAPTER 35
PRACTICAL CASE STUDY ON ADDITION OF FOREIGN BANK ACCOUNT IN FACELESS APPEALS
35.1 Case Study on appeal representation in respect of addition of foreign bank account balance
CHAPTER 36
PRACTICAL CASE STUDY ON RENTAL BUSINESS INCOME TREATED AS INCOME FROM HOUSE PROPERTY IN FACELESS APPEALS
36.1 Case Study on appeal representation in respect of rental business income treated as income from house property
CHAPTER 37
PRACTICAL CASE STUDY ON CAPITAL GAIN ON SALE OF BUILDING COMPRISED IN BLOCK OF ASSETS TREATED AS CAPITAL GAIN ON LAND IN FACELESS APPEALS
37.1 Case Study on capital gain on sale of building comprised in block of asset treated as capital gain on sale of land
CHAPTER 38
PRACTICAL CASE STUDY ON APPEAL AGAINST ORDER U/S 201(1)/(1A) FOR NON-DEDUCTION OF TDS ON YEAR END EXPENDITURE PROVISIONS IN FACELESS APPEALS
38.1 Case Study on appeal representation w.r.t. Order u/s 201(1)/ (1A) for non-deduction of TDS on year end expenditure provisions
348
355
364
369
CHAPTER
39
DECODING THE NEW RULES OF PENALTY SHOOTOUT: FACELESS PENALTY SCHEME
39.1 Learning the New Rules of the Penalty Shoot-Out Game 387
39.2 Faceless Penalty Scheme Decoded 387
39.3 Launch of Faceless Penalty Scheme, 2021 388
39.4 Key De nitions 388
39.5 Faceless Penalty (Amendment) Scheme, 2022 391
39.6 Scope of Faceless Penalty Scheme 391
39.7 Authorities to conduct the Faceless Penalty Proceedings 392
39.8 Procedure to conduct Faceless Penalty Proceedings 393
39.9 Transfer of case 396
39.10 Electronic Records 397
39.11 Personal appearance at the centre and units 398
CHAPTER 40
PENALTY FOR UNDER REPORTING & MISREPORTING OF INCOME IN FACELESS REGIME
40.1 Penalty for under reporting & misreporting of income in Faceless Regime 400
40.2 Illustrative List of Under Reporting of Income v. Misreporting of Income Circulated By Income Tax Department For Faceless Assessment [Penalty] Of cers 401
CHAPTER 41
PRACTICAL CASE STUDY ON PENALTY U/S 270A ON DISALLOWANCE U/S 14A READ WITH RULE 8D IN FACELESS PENALTY
41.1 Case Study on Penalty u/s 270A on disallowance u/s 14A read with rule 8D 408
CHAPTER 42
MISCELLANEOUS FACELESS SCHEMES UNDER THE INCOME TAX ACT, 1961
42.0 Miscellaneous Faceless Schemes under the Income-tax Act, 1961
42.1 e-Assessment of income Escaping Assessment Scheme, 2022 (CBDT Noti cation No. 18/2022, dated 29-3-2022)
42.2 Faceless Jurisdiction of Income-Tax Authorities Scheme, 2022 (CBDT Noti cation No. 15/2022, dated 28-3-2022)
42.3 e-Advance Rulings Scheme, 2022 (CBDT Noti cation No. 07/2022, dated 18-01-2022)
42.4 e-Verification Scheme, 2021 (CBDT Notification No. 137/2021, dated 13-12-2021)
42.5 e-Settlement Scheme, 2021 (CBDT Noti cation No. 129/2021, dated 1-11-2021) 416
42.6 Faceless Scheme for determination of Arm’s Length Price [Section 92CA]
42.7 Faceless Scheme for making of reference to Dispute Resolution Panel [Section 144C]
42.8 Scheme for Faceless Appeal to Appellate Tribunal [Section 253]
42.9 Procedure for Faceless Appeal to Appellate Tribunal [Section 255]
42.10 Extended Limitation dates for issuing Directions for the Faceless Schemes under sections 92CA, 144C, 253 and 255 as per Finance (No. 2) Act, 2024
42.11 Faceless enquiry or Valuation Scheme, 2022 (CBDT Notication No. 19/2022, dated 30-3-2022)
42.12 e-Dispute Resolution Scheme, 2022 (CBDT Noti cation No. 26/2022, dated 4-4-2022)
CHAPTER 43
PRACTICAL GUIDE TO E-FILING OF RECTIFICATION APPLICATION & RESPONSE TO OUTSTANDING DEMAND
43.1 Reconciliation between returned income & return processed under section 143(1) 423
CHAPTER 44
INTERNATIONAL BEST PRACTICES & INDIAN TAX ADMINISTRATION
44.1 The Changing Landscape of tax administration: Global Trends 436
44.2 Digital transformation of tax administrations World-Wide 438
44.3 International best practices concerning digital transformation of the tax administrations 439
44.4 Country speci c international best practices in tax administration 440
44.5 Digitalisation of Indian Tax Administration 445
CHAPTER 45
FAQs ON FACELESS REGIME
45.1 ‘Frequently Asked Questions’ (FAQs) on ‘Faceless Regime’ 452
45.2 FAQs on response to outstanding demand 457
45.3 FAQs on recti cation applications u/s 154 458
45.4 FAQs on authenticating notices issued by Income Tax Department 463
APPENDICES
CLARIFICATIONS UNDER SECTION 144B [FACELESS ASSESSMENT] 506
FACELESS APPEAL SCHEME, 2021 534
FACELESS PENALTY SCHEME, 2021 547
DIRECTIONS TO GIVE EFFECT TO FACELESS PENALTY SCHEME, 2021 560
CLARIFICATION AND GUIDANCE UNDER FACELESS PENALTY SCHEME 569
e-ADVANCE RULINGS SCHEME, 2022 577
e-SETTLEMENT SCHEME, 2021 587
e-VERIFICATION SCHEME, 2021 593
FACELESS JURISDICTION OF INCOME TAX AUTHORITIES SCHEME, 2022 600
e-ASSESSMENT OF INCOME ESCAPING ASSESSMENT SCHEME, 2022 602
FACELESS INQUIRY OR VALUATION SCHEME, 2022 603
e-DISPUTE RESOLUTION SCHEME, 2022 604 e-APPEALS SCHEME, 2023 613
