IT department issues order
covering various aspects of conducting scrutiny assessments electronically in
cases which are getting barred by limitation during the financial year
2017-2018; The e-assessments will be conducted using the Income-Tax Business
Application (ITBA) which is an integrated platform to conduct various tax-proceedings
electronically through the 'e-Proceeding' facility and is a part of Income-tax
Department’s digital transformation of its business processes; Assessment
proceedings in the two categories of time-barring scrutiny cases, pending as on
October 1, 2017, where hearings have not been completed, would be carried out
through the 'e-Proceeding' facility on the ITBA; The first category
covers time-barring scrutiny cases in seven metro cities namely
Ahmedabad, Bengaluru, Chennai, Kolkata, Hyderabad, Delhi and Mumbai where
assessment proceedings are already underway through the 'e-mail based
communication' and where assessee is having 'e-Filing' account; In time-barring
scrutiny assessments under 'e-Proceeding', the assessees can voluntarily opt
out from 'e-Proceeding' at a subsequent stage under intimation to the AO;
The CBDT order states that online submissions may be filed till the office
hours on the date stipulated for compliance; In e-assessment cases, manual
intervention is permissible in the specified situations viz., i) where manual
books of accounts or original documents have to be examined; ii) where AO
invokes provisions of Sec 131 of the Act or a notice is issued for carrying out
third party enquiries/investigations; iii) where examination of witness is
required to be made by the concerned assessee or the Department; iv) where a
show-cause notice contemplating any adverse view is issued by the Assessing
Officer and assessee requests for personal hearing to explain the matter
Subscribe to:
Post Comments (Atom)
Pre-GST taxes cannot be refunded if paid pursuant to an inquiry
This is to update you about an important decision by Tribunal in the case of Filatex India Limited vs. CCE & ST , E A No. 10231 of ...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
This is to update you about an important decision by Tribunal in the case of Filatex India Limited vs. CCE & ST , E A No. 10231 of ...
-
LEASE-DEED (A brief Introduction) Lease defined. A lease of immovable property is a transfer of a right to enjoy such property, mad...
-
Is the Indian Finance Ministry's 2013 press release something the tax authorities have to follow? Sometimes, the Indian tax authorities ...
-
The GST department are issuing show cause notice to the taxpayers as the input credit available in GSTR-2A of the year is less than GS...
-
Particulars in Part 1 and Part 2 of Step-2 of registration form are required to be exactly the same as reported in the TDS statement. Plea...
-
One of the most disputed arguments between assessee and income tax department is that whether payments made towards specified expend...
-
We all are currently in the process of submitting Rectification Applications under Section 161 of GST Laws for errors that are evident fro...
-
1. In a significant move, the Central Board of Direct Taxes (CBDT) has released new guidelines aimed at ensuring the priority or out-of...
-
The circular of the Board dt. 28.06.1965 No. 17 (XL-36), provides for inspection fees and fees for certified copies of assessment and...
No comments:
Post a Comment