Monday, 27 August 2018

CBDT: Mandates ‘E-Proceeding’ for ‘all’ assessments during 2018-19, carves-out 7 exceptions

CBDT mandates conducting assessments electronically through the ‘E-Proceedings’ facility in all cases requiring framing of assessment u/s. 143(3) during the year 2018-19; However, carves-out 7 exceptions, where ‘E-Proceeding’ shall not be mandatory; Also lists down 4 situations where personal hearing/ attendance may take place, despite assessment proceedings being carried out through the ‘E-Proceedi

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SC holds extended period cannot be invoked if allegations are not justified in the show cause notice issued under section 74

  This Tax Alert summarizes a recent judgement of the Supreme Court (SC) [1] on whether a show cause notice (SCN) under Section 74 of the ...