homefinance NewsI T dept wants early clearance of pending claims for timely roll out of faceless assessment

I-T dept wants early clearance of pending claims for timely roll-out of faceless assessment

As Prime Minister Narendra Modi pitched for a faceless, painless and transparent tax administration, the Central Board of Direct Taxes (CBDT) held a detailed meeting on August 18 on the nation-wide rollout of the Faceless Assessment and Taxpayers’ Charter.

By Timsy Jaipuria  Aug 19, 2020 5:31:17 PM IST (Published)


As Prime Minister Narendra Modi pitched for a faceless, painless and transparent tax administration, the Central Board of Direct Taxes (CBDT) held a detailed meeting on August 18 on the nation-wide rollout of the Faceless Assessment and Taxpayers’ Charter.
According to finance ministry sources, CBDT Chairman PC Mody, in an online meeting with the officers of the Income Tax Department, emphasised on early cleaning up of demand, all pending rectifications and appeal to ensure that the department can have a timely transition to the faceless assessment procedure.
“Tax department also discussed the demand management strategy to be adopted by the Income Tax Department to identify and clean-up pending demands so that the correct demand, if any, could be made available to the taxpayers. As a part of cleaning-up of demand, all pending rectifications and appeal effects were to be attended on priority as this was also one of the key factors of a transparent tax administration,” sources added.