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News INCOME TAX

  • Jun 21, 2022
  • Sloppy taxmen on high profile cases to face action

    Looking to address the concerns of taxpayers about high-pitched assessments under the faceless scheme, the revenue department has asked the Central Board of Direct Taxes (CBDT) to initiate strict action against officials for slapping notices on taxpayers without following procedures, or cross-checking facts.

    The department has also asked CBDT to ensure that all local committees that have been formed to look into complaints by taxpayers provide a quarterly report on actions taken, people aware of the matter told ET.

    The move comes following observations by various courts that addition of income and imposition of penalty for underreporting of income were being done without following procedure.