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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 29th March, 2022 S.O. 1466(E).In exercise of the powers conferred by sub-sections (1) and (2) of section 151A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following Scheme, namely:- 1. Short title and commencement.- (1) This Scheme may be called the e-Assessment of Income Escaping Assessment Scheme, 2022. (2) It shall come into force with effe
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FAQ :
It is a new scheme introduced by the CBDT to conduct assessments, reassessments, and recomputations for income escaping assessment in a faceless and automated manner.
The scheme comes into force from the date of its publication in the Official Gazette.
Cases will be allocated through an automated process using technological tools, including artificial intelligence and machine learning, based on a risk management strategy.
Automated allocation refers to the use of algorithms and technology for the randomised assignment of cases, aiming to optimise resource utilisation.
Yes, the scheme mandates that assessments, reassessments, and recomputations will be conducted in a faceless manner, as provided for in section 144B of the Income-tax Act.
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