Anything & Everything About Income Tax Faceless Assessment Scheme QnA 1

Income Tax Faceless Assessment Scheme is one of the biggest Direct Tax reforms in India based on Principles of Efficiency, Transparency and Accountability. The Income Tax Department is bringing about a pardigm shift in building the future with technology by pioneering an ecosystem of assessments and appeals founded on Data and AI. Faceless Assessment is transforming Indian Tax Administration.

Notes For the Reader

  1. This is a dynamic content and will be updated from time to time for the applicable amendments. Any corrections or suggestions or inputs or support are welcome from the reader either by filing the form at the end of this wonderful post or through the mail at hello@fiscalnow.com. (Last Updated on 16th Feb 2023)
  2. This QnA and Series thereof only covered the Faceless Assements, in other words, the Faceless Appeals, Faceless Penalty and Other Faceless Procedures are covered under the respective seperate QnA Series.

A. Legislative Flow for Income Tax Faceless Assessment, Appeal and Penalty Scheme

A1. Relevant Sections & Chapters

  1. Section 144B – Faceless Assessment
  2. Chapter XIV – Procedure for Assessments
  3. Section 264B – Faceless effect of orders
  4. Section 264A – Faceless revision of orders
  5. Section 293D – Faceless approval or registration
  6. Section 142B – Faceless inquiry or Valuation
  7. Section 135A – Faceless collection of information
  8. Section 231 – Faceless collection and recovery of tax
  9. Section 151A – Faceless assessment of income escaping assessment.
  10. Section 130 – Faceless jurisdiction of income-tax authorities
  11. Section 157A – Faceless rectification, amendments and issuance of notice or intimation
  12. Chapter XIXA – Settlement of Cases
  13. Chapter XIXAA – Dispute Resolution Committee in Certain Cases
  14. Chapter XIXB – Advance Rulings
  15. Chapter XX – Appeal and Revision
  16. Chapter XXI – Penalties Imposable

A2. Relevant Rules/Schemes

  1. Faceless Assessment Scheme, 2019 (Section 144B & Chapter XIV)
  2. Faceless Appeal Scheme, 2021 (It Superseded the Faceless Appeal Scheme, 2020) (Chapter XX)
  3. Faceless Penalty Scheme, 2021(Chapter XXI)
  4. Faceless Inquiry or Valuation Scheme, 2022 (Section 142B)
  5. Faceless Jurisdiction of Income-tax Authorities Scheme, 2022 (Section 130)
  6. E-Settlement Scheme, 2021 (Chapter XIXB)
  7. E-Advance Ruling Scheme, 2022 (Chapter XIXB)
  8. E-Assessment of Income Escaping Assessment Scheme, 2022 (Section 151A)
  9. E-Dispute Resolution Scheme, 2022 (Chapter XIXAA)

B. Which types of assessments will be covered under the scheme of Faceless Assessment

The proceedings of assessment, reassessment or recomputations under the following sections will be done in a faceless manner.

  1. Regular Assessment u/s 143(3)
  2. Ex-parte Assessment u/s 144 
  3. Income Escaping Assessment u/s 147

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