Govt looks to extend faceless assessment scheme to 8 more I-T proceedings

The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020, is introduced in the Lok Sabha on Friday

The government has proposed to extend the faceless assessment scheme to almost all proceedings under the income tax law, including for collection and recovery of tax and gathering of information.

The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020, introduced in the Lok Sabha on Friday proposes to extend faceless assessment scheme to at least eight processes in income tax law.

It proposed faceless assessment of income escaping assessment, faceless rectification, amendments and issuance of notice or intimation.

Besides, faceless collection and recovery of tax, faceless revision and effect of orders and faceless approval or registration