Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
Section - 4 - Insertion of new section "151A"
Insertion of new section "151A".4. (XXVI) after section 151, the following section shall be inserted with effect from the 1st day of November, 2020, namely:-
| - | "151A. Faceless assessment of income escaping assessment - (1) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of assessment, reassessment or re-computation under section 147 or issuance of notice under section 148 or sanction for issue of such notice under section 151, so as to impart greater efficiency, transparency and accountability by- |
| (a) | - | eliminating the interface between the income-tax authority and the assessee or any other person to the extent technologically feasible; |
| (b) | - | optimising utilisation of the resources through economies of scale and functional specialisation; |
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