Faceless Assessment Scheme: NFeAC Lacks Jurisdiction for Notices Issued Before Official Notification Date of 29.03.2022

ITAT adjudicated a jurisdictional challenge regarding faceless assessment proceedings. The tribunal found the National Faceless Assessment Centre (NFeAC) lacked legal authority to issue notices under Section 142(1) prior to 29.03.2022. The e-assessment of income escaping assessment scheme, 2022 was notified on 29.03.2022, rendering prior proceedings invalid. Relying on precedent from a similar case, the tribunal determined that the NFeAC had no jurisdiction to conduct assessment or issue notices before the official notification date. Consequently, the tribunal allowed the assessee's appeal, effectively invalidating the assessment proceedings initiated before the statutory notification date. .....

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