The tribunal set aside the assessment after finding that faceless assessment proceedings were initiated before the scheme was formally notified, rendering the assumption of jurisdiction ...

The new tax law formally embeds faceless assessments into the statute, replacing the earlier scheme-based system and making electronic tax scrutiny the default ...

The Income Tax Appellate Tribunal has clarified the limits of Section 263 of the Income Tax Act. A recent ruling quashed a revisionary order, emphasizing that tax authorities cannot use this section ...

The Income Tax Department recently highlighted a Chartered Accountant’s post on X regarding the working of the current income tax scrutiny process. The Income Tax Department stated that the post by ...