income tax
On October 25, 2023, the Central Board of Direct Taxes (CBDT), part of the Ministry of Finance, Government of India, issued a significant order under section 119 of the Income-tax Act, 1961. This order delineates the roles and responsibilities of the Principal Chief Commissioners of Income Tax (Pr.CCsIT) and the Principal Chief Commissioner of Income Tax (NaFAC), particularly emphasizing changes pertinent to Faceless Assessment.
The new order supersedes an earlier directive issued on March 31, 2021, enhancing and clarifying the responsibilities of the Pr.CCsIT and Pr. CCIT (NaFAC) regarding the efficient administration of Faceless Assessment.
The order outlines several critical responsibilities for the Pr. CCIT (NaFAC), including:
The CBDT's order indicates that these modifications take effect immediately, highlighting the urgency of improving governance and procedures in the realm of direct taxation through Faceless Assessments.
The recent order from the CBDT, issued under section 119 of the Income-tax Act, 1961, redefines the roles of Pr.CCsIT and Pr. CCIT (NaFAC) with regard to Faceless Assessment. These adjustments demonstrate the government’s commitment to refining the assessment process, making it more efficient and transparent. By enhancing the responsibilities assigned to the Pr. CCIT (NaFAC), the order seeks to optimize procedural frameworks and improve the quality of technical assistance, ultimately benefitting taxpayers and the taxation authorities alike. The immediate implementation of these changes underscores the urgency in creating a fair and effective taxation system in India.
In accordance with the directive under section 119 of the Income-tax Act, 1961, the CBDT has made a partial modification to the earlier order (F.No. 187/3/2020-ITA-I dated March 31, 2021). The Board outlines the following revised responsibilities for the Pr. CCIT (NaFAC):