CBDT notifies Faceless Jurisdiction of Income-tax Authorities Scheme, 2022
- Blog|News|Income Tax|
- 2 Min Read
- By Taxmann
- |
- Last Updated on 30 March, 2022
Latest from Taxmann
Notification No. 15/2022, dated 28-03-2022
Section 130 of the Income-tax Act empowers the Central Government to make a scheme for:
a) Exercise of all or any of the powers and performance of all or any of the functions conferred on or assigned to Income-tax authorities under Section 120; or
b) Vesting the jurisdiction with the Assessing Officer under Section 124; or
c) Exercise of power to transfer cases under Section 127; or
d) Exercise of the jurisdiction in case of change of incumbency under Section 129
The Central Government has notified the Faceless Jurisdiction of Income-tax Authorities Scheme, 2022, of the purpose of section 130. The Scheme is applicable with effect from 28-03-2022.
The jurisdiction of the Assessing Officer shall be vested in a faceless manner through automated allocation. Such jurisdiction shall be in accordance with and to the extent provided in:
1) Section 144B with reference to making the faceless assessment of total income or loss of assessee;
2) The Faceless Appeal Scheme, 2021 with reference to the disposal of appeals;
3) The Faceless Penalty Scheme, 2021 with reference to the imposition of penalty under Chapter XXI of the Act;
4) The e-Verification Scheme, 2021 with reference to:
a. Calling for information under section 133,
b. Collecting certain information under section 133, or
c. Calling for information by the prescribed authority under section 133C, or
d. Exercise of power to inspect the register of companies under section 134, or
e. Exercise of power of Assessing Officer under section 135.
5) The e-Settlement Scheme, 2021 with reference to the settlement of pending applications by the interim Board; and
6) The e-advance rulings Scheme, 2022 with reference to dispute resolution for persons or class of persons, as specified by the Board, who may opt for dispute resolution under Chapter XIX-AA with reference to the dispute arising from any variation in the specified order fulfilling the specified conditions.
Click Here To Read The Full News
Check out Taxmann's Latest Direct Taxes Ready Reckoner for A.Y. 2022-23 & 2023-24 | Best-selling illustrative commentary on all provisions of the Income-tax Act for 40+ years with focused analysis for A.Y. 2022-23 & 2023-24. This book covers alternative tax regime, break-even tables & faceless tax proceedings, etc.
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
