Finance Ministry launches phase II of faceless tax assessment.

After sacking senior officers for corruption,

the Finance Ministry has launched the second phase of faceless and jurisdiction-less income tax assessment of 1,32,000 assessees.

The process will bring down corruption as the tax assessees will not know the Assessing Officers.

Fresh orders were issued by the CBDT to initiate the new tax assessment process under which the assessees will face limited scrutiny under the IT Act.

The official said faceless and jurisdiction-less income tax assessment was started in 2018 and already over two lakh assessment cases were handled online by the IT Department.

Under this strategy for breaking the cycle of corruption, an Assessing Officer (AO) based out of Sikkim is randomly given tax assessment of taxpayer registered out of Kochi.

Leave a Comment