CURRENT AFFAIRS

Detailed explanation-1: -On March 28, 2022, Ministry of Finance has issued Faceless Jurisdiction of Income-tax Authorities Scheme, 2022 which will come in force with immediate effect.

Detailed explanation-2: -Framework. For the purpose of faceless assessment, the Central Board of Direct Taxes (CBDT) which is a governing body would set up the below ‘centres’ and ‘units’, and specify their respective jurisdiction: A ‘National e-Assessment Center’ for facilitating e-assessment and central control.

Detailed explanation-3: -The income tax department has now launched the Faceless facility for income tax appeals. Under the facility, all the cases will be completed in a faceless way in a faceless environment except for appeals that are related to evasion of tax, serious frauds, black money, international tax, and special research.

Detailed explanation-4: -The faceless system was introduced in 2019 in order to bring automation in the system, do away with random individual discretion by tax officials and check corruption.

Detailed explanation-5: -National Faceless Appeal Centre, Delhi Through Principal Chief Commissioner of Income Tax (NaFAC), Delhi, Situated at North Block, New Delhi-110001 2.