Advertisement

Income tax department has disposed off 7,116 cases under first phase of faceless assessment scheme

The Income Tax department has been disposed of around 7,116 cases which under the first phase of the faceless assessment system, as an official source told. Since its launch on 7th October 2019, and also the implementation of the first phase, as the faceless scrutiny assessment scheme has been ideally rendered for the assessment of the income tax in the electronic mode, whereas taxpayers need not see face-to-face any tax officer or visit an I-T office and also can e-file reply on the income tax portal as well.

Advertising
Advertising

The source told in the first phase of the faceless assessment, a total of the around 58,319 cases were assigned in an automated way randomly, and also these were kept away from the geographical jurisdiction of the case, that based upon computer algorithms also.

Advertisement

Income tax department: Out of this, around 7,116 cases as on date that has been disposed of with an assessment order issued amongst without any additions, and also around 291 cases, wherein additions are proposed to be made, which have been submitted to Risk Management unit, as sources told.

Advertisement

He told that in all of the cases, as the grievances of over-pitched assessment or the harassment of the taxpayers or tax professionals have been almost eliminated very well.

There were allegations and also some of the incidences of discretion so also a subjective approach which quite often resulted in the high-pitched assessments very well.

In tax recovery proceedings, almost of the similar types of allegations were being made also. These concerns would be addressed by the income tax process becoming faceless very well.

Finance Minister Nirmala Sitharaman had announced the faceless assessment scheme in her Budget speech on July 5, 2019, which was subsequently inaugurated on October 7, 2019.

Additionally, This will also help in verifying all of the available information in a faceless manner and also will help in seamless implementation of the first phase of the faceless assessment, as the source added after then.

Also Read: chinese e-commerce giant alibaba ‘s share drop, revenue estimates weighing on jack ma’ firm