Notification No. 64/2020 [F. No. 187/3/2020-ITA-I] / SO 2756(E)

Last updated: 15 August 2020

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The Central Board of Direct Taxes has issued Notification No. 64/2020, empowering Income-tax Authorities at the National e-Assessment Centre (NeAC). These authorities will now exercise the powers and functions of an Assessing Officer concurrently. This directive is intended to facilitate the smooth conduct of faceless assessment proceedings across various territorial areas and for specified persons or cases.

NOTIFICATION

New Delhi, the 13th August, 2020

(INCOME TAX)

S.O. 2756(E).—In pursuance of the powers conferred by sub-sections (1), (2) and (5) of section 120 of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), the Central Board of Direct Taxes hereby directs that the Income-tax Authorities of the National e-Assessment Centre (hereinafter referred to as the NeAC) specified in Column (2) of the Schedule below, having its headquarters at the place mentioned in column (3) of the said Schedule, shall exercise the powers and functions of Assessing Officer concurrently, to facilitate the conduct of Faceless Assessment proceedings in respect of territorial areas mentioned in the column (4), persons or classes of persons mentioned in the column (5) and cases or classes of cases mentioned in the column (6) of the Schedule-1 of the notification No. 50 of 2014 in S.O. 2752 (E) dated the 22nd October, 2014 published in the Gazette of India, Extraordinary Part II, Section 3, sub-section (ii):

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FAQ :

The notification aims to empower Income-tax Authorities at the National e-Assessment Centre (NeAC) to exercise the powers and functions of an Assessing Officer concurrently, thereby facilitating faceless assessment proceedings.

The notification has been issued by the Central Board of Direct Taxes.

The Income-tax Authorities of the National e-Assessment Centre are being conferred the powers and functions of an Assessing Officer concurrently.

The main objective is to facilitate the conduct of Faceless Assessment proceedings.

This notification is in pursuance of the powers conferred by sub-sections (1), (2) and (5) of section 120 of the Income-tax Act, 1961.