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NEW DELHI: The Income tax department 7,116 cases have been disposed of under the first phase of faceless assessment system Official source said.
Since its launch on October 7, 2019 and implementation of the first phase, the Faceless Scrutiny Assessment Scheme has provided for assessment of income tax in electronic mode, where taxpayers can see any tax officer face-to-face or visit an IT office. May not need to do and e-Reply on the income portal.
The source said that in the first phase of the faceless assessment, a total of 58,319 cases were randomly assigned in an automated manner and based on them, away from the geographical jurisdiction of the case. Computer algorithms.
Of this, 7,116 cases have been dealt with assessment orders issued without further additions, and 291 cases, in which the additions are proposed, have been submitted to the Risk Management Unit, the sources said.
He said that in all cases, complaints of over-determined valuation or harassment of taxpayers / tax professionals have been virtually eliminated.
Taxpayers have been given notice to check their registered e-filing accounts / email IDs for notice or updates.
Now, all communications with taxpayers are done electronically by a central cell in Delhi and the identity of all assessing officers remains unknown to taxpayers at all times, the source added.
Separately, a finance ministry official said that now around 99% of returns are e-filed. Out of the more than 6 crore returns filed annually, only 3 lakh returns come under scrutiny based on selective risk parameters.
“Cases are selected centrally for investigation using computer aided selection for investigation. Some scrutiny cases are also selected manually based on specified criteria. Older assessments may also be reopened if The Assessing Officer has sufficient reason to believe that some income has survived. Assessment, the officer said.
The above source has stated that earlier during the course of assessment proceedings in scrutiny cases, taxpayers or tax professionals / individuals are required to make several visits to the Income Tax Office. There was some evidence of accusations and discretion and subjective attitudes, which were often highly-assessed.
In the tax recovery proceedings, almost similar allegations were being made. These concerns will be faceless by the income tax process.
“The Income Tax Department’s faceless assessment system has been a game changer in the field of direct taxation. It has empowered taxpayers and has changed aspects and perception of overall tax administration in India as the most important mechanism,” the source said. .
Finance Minister Nirmala Sitharaman In its budget speech on July 5, 2019, the Faceless Evaluation Scheme was announced, which was later inaugurated on October 7, 2019.
The government has already notified the revised Form 26AS that includes taxpayers’ high-value financial transactions, such as cash deposits / withdrawals, property purchases, voluntary compliance and ease of e-filing of IT returns made during a financial year. Will facilitate .
It will also help to validate all the available information in a faceless manner and help in the smooth implementation of the first phase faceless evaluation, which the source has added.
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