#TaxmannWebinar #FacelessAssessment #FinanceAct2021 #IncomeTax
📋 Coverage of the Webinar:
✔️ Implementation of faceless assessments – how has it been
✔️ Assessment Orders passed in the faceless mechanism – quick overview
✔️ Why has the taxpayer decided to go straight to the High Court(s) in a few cases
✔️ Issues raised before the High Court(s) in the Writ Petitions
✔️ Developments at the High Court(s)
✔️ What it means – both for taxpayers and the tax department
✔️ Long-term impact, if any
✔️ Questions & Answers
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📢 Speakers:
• Mr Sanjay Kumar (Partner | Deloitte Touche Tohmatsu India LLP)
• Dr Pushpinder S. Puniha (Retired Pr. CCIT & Former National Head of Faceless Assessment Centre)
• Mr Laliet Kumar (Judicial Member | Income Tax Appellate Tribunal | Agra Bench)
• Mr Ketan Ved (Subject Matter Expert)
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Reference Materials that you may be interested in:
• Check out Taxmann’s Faceless Assessment Appeals & Penalty Ready Reckoner with Real-Time Case Studies Here: [ Ссылка ]
• Check out Taxmann’s Latest & Amended Finance Act 2021 Publications, here: [ Ссылка ]
• Subscribe to Taxmann’s Journal on Income-tax Tribunal Decisions Here: [ Ссылка ]
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00:00 Introduction
02:55 Ecosystem of faceless assessment
03:56 Overview of faceless assessment
05:09 How faceless assessment system has been working by the tax department?
11:43 Clarification on the role of the jurisdictional assessing officer
18:56 Limitation of time articulation or the sufficiency of explanation in Faceless Hearing
24:58 Changing the overall framework & architecture of the tax law jurisprudence
37:02 Brief about how to deal with lack of ownership with examples
48:33 Three suggestions from all the panellists on the desirable goal that the government has set before itself on faceless assessment
59:20 Questions & Answers Session
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