• Registered Users :
  • 160489
  • Current Active Users :
  • 101882

News INCOME TAX

  • Apr 08, 2021
  • Faceless tax assessment: 60% of allocated cases settled in a year, says CBDT’s Mody

    After the faceless assessment scheme was rolled out about a year ago, the Income Tax department has settled about 1.15 lakh assessment orders or 58% of the cases allocated for such resolution, Central Board of Direct Taxes (CBDT) chairman PC Mody said.

    According to him, after the scheme was launched in August 2020, 57,985 legacy cases and 1,36,001 new cases were allocated in faceless assessment scheme. Out of these, 46,822 legacy cases and 59,552 new cases have been disposed of.
    “Where there was a case to raise tax demand, it was done and where there was no need to raise demand, no tax claim was made,” Mody said.