TMI BlogFaceless assessment (Assessment procedure) – Section 144B(2)X X X X Extracts X X X X X X X X Extracts X X X X ..... cation system; Intimate to the assessee - the NFAC shall intimate the assessee that assessment in his case shall be completed in accordance with the procedure laid down under this section; Serve the notice - a notice shall be served on the assessee, through the NFAC, u/s 143(2) or u/s 142(1) and Submit the response - the assessee may file his response to such notice within the date specified therein, to the NFAC which shall forward the same to the assessment unit; Cases assigned to the assessment unit - where a case is assigned to the assessment unit (AU), under clause (i), it may make a request through the NFAC for- (a) obtaining such further information, documents or evidence from the assessee or any other person, as it may specify; (b) c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... here the assessee fails to comply with the notice served u/s 144B(1)(v) or notice issued u/s 142(1) or the terms of notice issued u/s 143(2) , the NFAC shall intimate such failure to the AU; the assessment unit shall serve upon such assessee, as referred to u/s 144B(1)(viii), a notice, through the National Faceless Assessment Centre, u/s 144 , giving him an opportunity to show-cause on a date and time as specified in such notice as to why the assessment in his case should not be completed to the best of its judgment; the assessee shall, within the time specified in the notice referred to u/s 144B(1)(ix) or such time as may be extended on the basis of an application in this regard, file his response to the NFAC which shall forward the same t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or loss determination proposal and send the same to the NFAC; upon receipt of the income or loss determination proposal, as referred to u/s 144B(1)(xii)(a) or u/s 144B(1)(xv), as the case may be, the NFAC may, on the basis of guidelines issued by the Board, - (a) convey to the AU to prepare draft order in accordance with the income or loss determination proposal, which shall thereafter prepare a draft order; or (b) assign the income or loss determination proposal to a RU through an automated allocation system, for conducting review of such proposal; the RU shall conduct review of the income or loss determination proposal assigned to it by the NFAC, u/s 144B(1)(xvi), whereupon it shall prepare a review report and send the same to the NFAC; t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... amount due to, the assessee on the basis of such assessment; where a draft order is served on the assessee as referred to in u/s 144B(1)(xxi), such assessee shall,- (a) file his acceptance of the variations proposed in such draft order to the NFAC; or (b) file his objections, if any, to such variations, with- the DRP, and the NFAC. within the period specified in the section 144C(2) ; the National Faceless Assessment Centre shall,- (a) upon receipt of acceptance from the eligible assessee; or (b) if no objections are received from the eligible assessee, within the period specified in section 144C(2) , intimate the assessment unit to complete the assessment on the basis of the draft order; the AU shall, upon receipt of intimation under claus ..... X X X X Extracts X X X X X X X X Extracts X X X X
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