CBDT notifies procedure for handling assessment if case is transferred by NFAC to Jurisdictional AO

Section 144B(8) of the Income-tax Act provides that National Faceless Assessment Centre may for transfer case to Jurisdictional Assessing Officer at any stage of assessment proceedings. The board has notified that the procedure for handling of assessment by Jurisdictional AO in respect of assessments/penalties transferred out of Faceless Assessment under section 144B /Faceless Penalty Scheme, 2021Section 144B(8) of the Income-tax Act provides that National Faceless Assessment Centre may for transfer case to Jurisdictional Assessing Officer at any stage of assessment proceedings. The board has notified that the procedure for handling of assessment by Jurisdictional AO in respect of assessments/penalties transferred out of Faceless Assessment under section 144B /Faceless Penalty Scheme, 2021taxmann.com Latest Statutory HappeningsRead More

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