The Central Board of Direct Taxes (CBDT) has given five broad parameters for compulsory selection of returns for complete scrutiny under faceless assessment for FY 2020-21.
The selection process has to be completed by the month end , September, 2020. The broad parameters include survey, search and seizure, cases where notice under Section 148 has been issued, cases relating to revocation of registration or approval by authorities under Sections 12A / 10(23C) and cases where notices under section 142(1) have been issued calling for return.
The government has made its intention clear and emphasised its vision for conducting scrutiny covering various matters through faceless assessment scheme.
“With this, the taxpayers will have the clarity as regards the selection of their case for scrutiny and need to gear up for the technology driven faceless assessment,” said a financial expert.
