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)
Identifying a Drafting Error in GST Amnesty Provisions
Provision Regarding Amnesty Scheme Section 128A was introduced into the Central Goods and Services Tax (CGST) Act by the Finance Act, 2024,...
-
In this article, for the benefit of our reader’s we have come up with detailed FAQ on procedures of issuance, requirement of Form 15CA an...
-
1. Situation I. Tax Department Summons An employee received a summons from the tax department demanding an explanation for failing to discl...
-
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...
-
In this post, I will discuss Secretarial Standards related to Proxies under SS – 2. Right to Appoint: A Member entitled to attend and ...
-
Many of us rely on home loans to purchase residential property, but are you fully aware of how tax laws impact your financial strategy? Unde...
-
Summary of the relevant updates is provided below for ease of your reference: A) Proposals relating to GST law, Compliances an...
-
Particulars Singapore Hong Kong Corporate Tax rate 17% 16.5%. Numb...
-
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...
-
Recently, a few announcements made by our Finance Minister, Nirmala Sitharaman, sparked widespread discussions, particularly in the retail a...
No comments:
Post a Comment