CBDT vide Notification No. 19/2022 in S.O. 1468(E) dated 30th March, 2022 notified Faceless Inquiry or Valuation Scheme, 2022 under section 142B of the Income-tax Act, 1962 (‘Act’).
Section 142B of the Act empowers CBDT to notify a Scheme for the purposes of-
● issuing notice under section 142(1), or
● making inquiry before assessment under section 142(2), or
● directing the assessee to get his accounts audited under section 142(2A), or
● estimating the value of any asset, property or investment by a Valuation Officer under section 142A
so as to impart greater efficiency, transparency and accountability by—
(i) eliminating the interface between the income-tax authority and the assessee or any other person, to the extent technologically feasible;
(ii) optimising utilisation of the resources through economies of scale and functional specialisation;
(iii) introducing a team-based exercise of powers and performance of functions by two or more income-tax authorities, concurrently, in respect of any area or persons or classes of persons or incomes or classes of income or cases or classes of cases, with dynamic jurisdiction.
Further, section 142B provides that no direction shall be issued after the 31st day of March, 2022.
By virtue of powers conferred to the Board by sections 142B(1) and (2), the Central Government has notified this Faceless Inquiry or Valuation Scheme, 2022.
The covers within its scope all the matters listed in section 142B and discussed above.
The notification states that for the purpose of this Scheme, –
(a) issuing notice under sub-section (1) of section 142 of the Act,
(b) making inquiry before assessment under sub-section (2) of section 142 of the Act,
(c) directing the assessee to get his accounts audited under sub-section (2A) of section 142 of the Act,
(d) estimating the value of any asset, property or investment by a Valuation Officer under section 142A of the Act,
shall be in a faceless manner in accordance with and to the extent provided in section 144B of the Act with reference to making faceless assessment.
Read the full text of Notification No. 19/2022 dated 30.03.2022 on Faceless Inquiry or Valuation Scheme, 2022
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 30th March, 2022
S.O. 1468(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 142B of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following Scheme, namely:-
1. Short title and commencement.—(1) This Scheme may be called the Faceless Inquiry or Valuation Scheme, 2022.
(2) It shall come into force with effect from the date of its publication in the Official Gazette.
2. Definitions.–(1) In this Scheme, unless the context otherwise requires, ––
(a) “Act” means the Income-tax Act, 1961 (43 of 1961);
(b) “automated allocation” means an algorithm for randomised allocation of cases, by using suitable technological tools, including artificial intelligence and machine learning, with a view to optimise the use of resources.
(2) Words and expressions used herein and not defined, but defined in the Act, shall have the meaning respectively assigned to them in the Act.
3. Scope of the Scheme.–For the purpose of this Scheme, –
(a) issuing notice under sub-section (1) of section 142 of the Act,
(b) making inquiry before assessment under sub-section (2) of section 142 of the Act,
(c) directing the assessee to get his accounts audited under sub-section (2A) of section 142 of the Act,
(d) estimating the value of any asset, property or investment by a Valuation Officer under section142A of the Act,
shall be in a faceless manner, through automated allocation, in accordance with and to the extent provided in section 144B of the Act with reference to making faceless assessment of total income or loss of assessee.
[Notification No. 19/2022/F. No. 370142/15/2022-TPL]
SHEFALI SINGH, Under Secy.
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