Faceless Assessment of income escaping assessment – Section 151A - Income Tax - Ready Reckoner - Income Tax

Faceless Assessment of income escaping assessment Section 151A (1) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of: assessment, reassessment or re-computation under section 147 or issuance of notice under section 148 or conducting of enquiries or issuance of show-cause notice or passing of order under section 148A sanction for issue of such notice under section 151 , 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) optimizing utilization of the resources through economies of scale and functional specialization; (c) introducing a team-based assessment, reassessment, re-computation or issuance or sanction of notice with dynamic jurisdiction. (2) The Central Government may, for the purpose of giving effect to the scheme made u/s 151A(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. No direction shall be issued after the 31st day of March, 2022. (3) Every notification issued u/s 151A(1)/(2) shall, as soon as may be after the notification is issued, be laid before each House of Parliament.