Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
Section - 4 - Insertion of new section "142B"
Insertion of new section "142B".4. (XXII) after section 142A, the following section shall be inserted with effect from he 1st day of November, 2020, namely:-
| - | "142B. Faceless inquiry or Valuation - (1) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of issuing notice under sub-section (1) or making inquiry before assessment under sub-section (2), or directing the assessee to get his accounts audited under sub-section (2A) of section 142, or estimating the value of any asset, property or investment by a Valuation Officer under section 142A, so as to impart greater efficiency, transparency and accountability by- |
| (a) | - | eliminating the interface between the income-tax authority or Valuation Officer and the assessee or any person to the extent technologically feasible; |
| (b) | - | optimising uti .... To read the full section download the app from Google Play store
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)Sri Aurobindo Gnostic Centre of Education New Delhi CA View Details
22 May 2026
U.S. Financial Reporting & Consolidation ManagerKaria Overseas Ahmedabad CA View Details |
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