New Scheme for Scrutiny Assessment – Section 143(3A)/(3B)/(3C)/(3D) - Income Tax - Ready Reckoner - Income Tax

New Scheme for Scrutiny Assessment Section 143(3A)/(3B)/(3C) 143(3A) The Central Government may make a scheme, for the purposes of making assessment of total income or loss of the assessee u/s 143(3) / 144 so as to impart greater efficiency, transparency and accountability by (a) eliminating the interface between the Assessing Officer and the assessee in the course of proceedings to the extent technologically feasible; (b) optimising utilisation of the resources through economies of scale and functional specialisation; (c) introducing a team-based assessment with dynamic jurisdiction. 143(3B) The Central Government may, for the purpose of giving effect to the scheme made under section 143(3A), by notification in the Official Gazette, direct that any of the provisions of this Act relating to assessment of total income or loss shall not apply or shall apply with such exceptions, modifications and adaptations as may be specified in the notification However, no direction shall be issued after the 31st day of March, 2021 143(3C) Every notification issued under section 143(3A)/143(3B) shall, as soon as may be after the notification is issued, be laid before each House of Parliament. 143(3D) Nothing contained in section 143(3A)/143(3B) shall apply to the assessment made u/s 143(3) or 144 , as the case may be, on or after the 1st day of April, 2021.