Faceless assessment: Fresh SOPs issued to address taxpayers' conflicts

The faceless centre, constituted by the Central Board of Direct Taxes, is the nodal authority and works as an interface for the faceless regime

tax
Premium

According to the new SOPs, assessing officer will propose computation of income and loss after considering all aspects before passing the final order in the case

Shrimi Choudhary New Delhi
The faceless authority has suggested a host of changes in the assessment process following conflicts and practical difficulties raised by taxpayers since the new regime was introduced. 

On August 3, the National Faceless Assessment Centre issued a set of standard operating procedures (SOPs) to address several anomalies in the regime. 

The faceless centre, constituted by the Central Board of Direct Taxes, is the nodal authority and works as an interface for the faceless regime.

Under the new SOP, an assessing officer will propose computation of income and loss after considering all aspects — differences and variations in the tax addition

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 04 2022 | 8:27 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com