Understanding of Faceless Assessment Covering Appeal and Penalty Schemes Under Income Tax Law (As Amended by Finance Act, 2021)

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Description
For decades the assessment was done by local jurisdictional officer. The idea of faceless E-assessment was mooted in the Budget 2018 by the late Finance Minister, Arun Jaitely, who announced the proposal to introduce the new assessment scheme to replace the old assessment scheme to replace the old assessment system of manual scrutiny and face-to-face interaction with tax authorities. The finance ministry has notified the e-assessment scheme 2019 on 12.09.2019 for conducting faceless scrutiny assessment of income-tax returns. The scheme involves creation of e-assessment centers at national and regional levels; auto allocation of cases among those centers. Now with effect from 13.08.2020, name of Scheme has been changed from 'E-assessment Scheme' to 'Faceless Assessment Scheme' 2019.
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Table of Contents
Chapter 01.    Introduction-Source and Evolution
Chapter 02.    Faceless Assessment Scheme for the purpose of making assessment to impact greater
efficiency, transparency and accountability
Chapter 03.    Faceless Assessment Scheme, 2019
Chapter 04.    Difference between the Assessments through 'e-assessment' under old Scheme and the New
Faceless Assessment Scheme
Chapter 05.    Faceless Income Tax Assessment - Notifications in exercise of the powers conferred by Section 143(3A)
Chapter 06.    Faceless Income Tax Assessment - Notifications in exercise of the powers conferred by Section 143(3B)
Chapter 07.    Exceptions to Faceless Assessment
Chapter 08.    Structure for Faceless Assessment
Chapter 09.    National e-Assessment Center (NeAC)
Chapter 10.    Regional e-Assessment Centers (ReAC)
Chapter 11.    Assessment Unit under the Faceless Assessment Scheme (AU)
Chapter 12.    Verification Unit under the Faceless Assessment Scheme (VU)
Chapter 13.    Functioning of Technical Unit (TU) under the Faceless Assessment Scheme, 2019
Chapter 14.    Functioning of Review Unit (RU) under the Faceless Assessment Scheme, 2019
Chapter 15.    Powers of Jurisdictional Assessing Officer
Chapter 16.    Powers to Specify Process and Procedure
Chapter 17.    Procedure in Faceless Assessment
Chapter 18.    Concept of Draft Assessment Order
Chapter 19.    Communication and electronic record
Chapter 20.    No personal appearance of taxpayer before the Centers and Units
Chapter 21 to 40................................................................................................................
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Author Details
Ram Dutt Sharma got his post-graduation (M.Sc.) from M.D. University, Rohtak in 1980. He joined the Income-tax Department in the year 1983 and presently working as Income Tax Officer in Faridabad. He worked at various stations of North-West Region of Income Tax Department. He has wide experience of all wings of income Tax Department such as assessment unit, Special Range, TDS Wing, Investigation Wing, Intelligence and Criminal Investigation etc. He has been contributing articles and addressing on topics relating to Income Tax at Direct Tax, Regional Training Institute, Chandigarh. He has also addressed number of seminars organized by the Income-tax Department, Chartered Accountants, Advocates and various Trade Associations. He is the author of number of books on direct taxes, namely Computation of income from salary under income tax law with tax planning, Computation of income from house  property, Formation and Management of Charitable and Religious Trust, Educational and Medical Institutions under income-tax law, Taxation of Non-Resident Indians  under income-tax law etc. which have been highly appreciated by the readers.