Faceless Revision & Effect of Orders - Income Tax - Ready Reckoner - Income Tax

Faceless Revision Effect of Orders Faceless Revision of Orders [ Section 264A ] - The CG may make and notify scheme for the purpose of Faceless Revision of Orders under section 263 264. Faceless Effect of Orders [ Section 264B ] - The CG may make and notify scheme for the purpose of Faceless effect or orders passed under section 250 , 254 , 260 , 262 , 263 , and 264 . For the Purpose of Section 264A 264B (1) so as to impart greater efficiency, transparency and accountability by- - (a) eliminating the interface between the income-tax authority and the assessee or any other person to the extent technologically feasible; - (b) optimising utilisation of the resources through economies of scale and functional specialisation; - (c) introducing a team-based revision of orders, with dynamic jurisdiction. (2) The Central Government may, for the purpose of giving effect to the scheme made under section 264A(1) or 264B(1), by notification in the Official Gazette, direct that any of the provisions of this Act shall not apply or shall apply with such exceptions, modifications and adaptations as may be specified in the notification, but no direction shall be issued after the 31st day of March, 2022. (3) Every notification issued under section 264A(1) and (2) or 264B(1) and (2) or shall, as soon as may be after the notification is issued, be laid before each House of Parliament.