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News INCOME TAX

  • Feb 14, 2018
  • IT raid cases not to be processed under e-assessment: CBDT

    The soon-to-be rolled out pan India e-assessment system for scrutiny cases of taxpayers will not be applicable to instances where a raid has been conducted against an assessee by the Income Tax (IT) department, the CBDT has said. It has added that the current system of manual assessment will continue in cases, where the books of accounts or original documents have to be examined, the taxman has to conduct a third-party investigation and where the tax officer has to examine a witness.

    Source - https://timesofindia.indiatimes.com