Faceless Assessment Appeals and Penalty Ready Reckoner with Real Time Case Studies

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Description
This thoroughly revised, updated and very special, sixth edition of my Book, proudly treasures, each and everything, which one may wish to know, understand and learn about the new 'Faceless Regime' in Income- tar Act, 1961. This Book has been curated and crafted with acute precision and incorporates all the practicalities and nuances of the three limbs of the new Faceless Taxation Regime', i.e., 'Faceless Assessments' under the newly substituted section 144B of the Income-tax Act, by the Finance Act, 2022, the newly substituted Faceless Appeal Scheme, 2021' legislated w.e.f. 28.12.2021 and the 'Faceless Penalty Scheme, 2021'incorporated w.e.f. 121.2021. The newly inserted legislative faceless schemes like 'e-Assessment of Income Escaping Assessment Scheme, 2022, u/s 151A, 'Faceless Jurisdiction of Income-tax Authorities Scheme, 2022'u/s 130, e-Verification Scheme, 2021 u/s 135A, e-Advance Rulings Scheme, 2022 and e-Settlement Scheme, 2021 u/s 245D of the Income Tax Act, have been lucidly explained
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Contents
Chapter 1: Faceless Taxation Regime: Our Own Generative Pre-trained Transformer (Gpt)
Chapter 2: Amended Faceless Regime In Finance Act, 2022
Chapter 3: Practical Guide To E-Proceedings
Chapter 4: Guidelines For Compulsory Selection Of Cases For Complete Scrutiny In Fy 2022-23 In
                    Faceless Regime
Chapter 5: Practical Case Study On Disallowance Of Related Party Expenditure In Faceless Assessment
Chapter 6: Practical Case Study On Ind As Adjustments In Computation Of Income In Faceless Assessment
Chapter 7: Practical Case Study On Disallowance U/S 14a & Rule 8d In Faceless Assessment
Chapter 8: Faceless Reassessment Under New Regime
Chapter 9: Practical Case Study On Faceless Reassessment Under New Regime
Chapter 10: Practical Case Study On Addition Of Receipts Of A Residents' Welfare Society In
                      Faceless Assessments
Chapter 11: Practical Case Study On Denial Of Foreign Tax Credit In Faceless Assessment
Chapter 12: Practical Case Study On Addition Of Share Capital & Share Premium Receipts In
                      Faceless Assessments
Chapter 13: Practical Case Study On Addition Of Long Term Capital Gain On Penny Stocks
Chapter 14: Practical Case Study On Disallowance Of Exemption U/S 10aa In Faceless Assessment
Chapter 15: Practical Case Study On Disallowance Of Pre-Commencement Business Expenditure
                      In Faceless Assessments
Chapter 16: Practical Case Study On Addition Of Compensation Received Under Rfctlarr Act, 2013
                      In Faceless Assessments
Chapter 17: Practical Case Study On Revenue Recognition & Expenditure Booking In Real Estate
                      Business In Faceless Assessments
Chapter 18: Practical Case Study On Disallowance Of Purchases Treating Them As Bogus
Chapter 19: Practical Case Study On Additions Based On Seized Diary
Chapter 20: Practical Case Study On Addition Based Upon Annual Information Return (Air)
Chapter 21: Practical Case Study On Cash Deposits During Demonetisation
Chapter 22: Practical Case Study On Valuation Of Shares U/S 56(2)
Chapter 23: Decoding Lesser-Known Nuances Of Faceless Assessment
Chapter 24: International Best Practices & Indian Tax Administration
Chapter 25: FAQs Of Faceless Regime
Chapter 26: Standard Operating Procedure (Sop) For Faceless Assessment Proceedings U/S 144b Of
                      The Income Tax Act
Chapter 27: Miscellaneous Faceless Schemes Under The Income-Tax Act, 1961
Chapter 28: Faceless Appeals In Its New Avatar
Chapter 29: Decoding Faceless Appeal Scheme, 2021
Chapter 30: Practical Guide To Faceless Appeals
Chapter 31: Practical Case Study On Faceless Appeals On Disallowance Of Employees Contribution
                      To PF & ESI
Chapter 32: Practical Case Study On Faceless Appeals: Addition In Respect Of Foreign Bank Account
Chapter 33: Practical Case Study On Addition Based On Information Received From Another It Authority
Chapter 34: Practical Case Study On Faceless Appeals: Admission Of Additional Evidence
Chapter 35: Practical Case Study On Faceless Appeals: Cash Deposits During Demonetisation
Chapter 36: Practical Case Study On Faceless Appeals: Ao's Treatment Of Business Rental Income As Income
                      From House Property
Chapter 37: Practical Case Study On Appeal Before Itat: Challenge To Revisionary Order U/S 263
Chapter 38: Practical Case Study On Appeal Representation In Respect of Section 201 Order
Chapter 39: Practical Case Study On Faceless Appeals: Challenge To Rectification Order U/S 154
Chapter 40: Practical Case Study On Faceless Appeals On Addition Of Unexplained Expenditure &
                      Disallowance Of Bad Debts
Chapter 41: Decoding The New Rules Of Penalty Shoot-Out: Faceless Penalty Scheme
Chapter 42: Practical Case Study On Faceless Penalty U/S 271b
Chapter 43: Practical Guide To E-Filing Of Rectification Application & Response To Outstanding Demand
Chapter 44: Time To Make Artificial Intelligence Intelligent & Machine Learning Learn
Chapter 45: Analysis Of High Court Judgments On Faceless Assessments & Lessons Learnt
Appendices
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Author Details
Mayank Mohanka, is a seasoned Tax Practitioner, a Fellow Member of the Institute of Chartered Accountants of India, and a Bachelor of Commerce, in Honours Degree from Shri Ram College of Commerce (SRCC), Delhi University. He is a Senior Partner in a New Delhi based CA Firm, M/s S.M. Mohanka & Associates. He is the Founder Director of M/s TaxAaram India Pvt Ltd. He has recently launched his unique Start-up Venture taxaaram.com, India's first digital platform offering painless, seamless, and cost-effective professional e-services in relation to faceless assessments, appeals and other statutory e-compliances.