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The Central Government notifies the Faceless Inquiry or Valuation Scheme, 2022 under the Income-tax Act, 1961. This scheme covers issuing notices, making inquiries, directing account audits, and estimating asset values through automated allocation in a faceless manner. The scheme applies in accordance with section 144B of the Act. The scheme comes into force on the date of its publication in the Official Gazette.
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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 30th March, 2022
S.O. 1468(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 142B of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following Scheme, namely:-
(2) It shall come into force with effect from the date of its publication in the Official Gazette. 2. Definitions.––(1) In this Scheme, unless the context otherwise requires, ––
(2) Words and expressions used herein and not defined, but defined in the Act, shall have the meaning respectively assigned to them in the Act. 3. Scope of the Scheme.––For the purpose of this Scheme, ––
shall be in a faceless manner, through automated allocation, in accordance with and to the extent provided in section 144B of the Act with reference to making faceless assessment of total income or loss of assessee. [Notification No. 19/2022/F. No. 370142/15/2022-TPL] SHEFALI SINGH, Under Secy.
