income tax: government plans to extend faceless valuation regime to 8 other IT procedures

The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020, presented to Lok Sabha on Friday, proposes to extend the faceless valuation regime to at least eight processes in the Law on Taxation and Other Laws ‘income tax.
He proposed faceless income appraisal escaping appraisal, faceless rectification, modifications and issuance of notice or notice.
In addition, faceless tax collection and collection, faceless order review and effect, and faceless approval or registration are offered.
The legislation also provides for an anonymous survey or assessment and anonymous information collection.
The implementation of a faceless system in these would eliminate the interface between the tax administration and the people assessed. It would also optimize the use of resources through economies of scale and functional specialization.
In addition, it would help to introduce a team exercise of powers by the tax administration.
The bill also proposes to formulate a regime of “faceless jurisdiction of tax authorities” which “would confer greater efficiency, transparency and accountability”.
Currently, the faceless program is already being implemented for careful assessment and would be extended to appeal cases from September 25.
In a faceless assessment, a mainframe retrieves tax returns for review based on parameters of risk and mismatch, then randomly assigns them to a team of agents.
This allocation is reviewed by agents at another randomly selected location and, only if agreed, a notice is sent by the centralized computer system. All such notices should be answered electronically without the need to visit a tax office or meet with an official.