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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
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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.
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Source : https://www.incometaxindia.gov.in/communications/notification/notification_64_2020.pdf