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Glitch-free faceless assessment addressed industry fears: P C Mody

Eight months since its roll-out, the faceless assessment mechanism has proved to be a success for the income tax department, with 1.06 lakh cases being disposed off so far in a ‘glitch-free manner,’ said Central Board of Direct Taxes’ Chairman P C Mody, in an interview with Business Standard. He added that the smooth functioning has addressed industry apprehensions related to an increase in litigation and high-pitch assessment. A crucial aspect of the faceless scheme is a pointed questionnaire by the department and a to-the-point reply by the assesse, he explained. Of the 57,985 cases picked for assessment during its pilot last year, orders have been passed in 46,822 cases. Of the 1.36 lakh new cases picked up since the launch of the scheme on August 13, the assessment has been completed for 59,552 cases so far.

Govt notifies tribunals reforms bill through ordinance

Govt notifies tribunals reforms bill through ordinance SECTIONS Last Updated: Apr 05, 2021, 03:34 PM IST Share Synopsis In the Cinematograph Act, the appellate body will now be the High Court instead of the tribunal, while in the Copyright Act, commercial court or the commercial division of the High Court has been made the appellate body instead of appellate Board. Similarly, the High Court will replace the Board in the Patents Act and Trade Marks Act. Agencies Bill brings into effect dissolution of several appellate bodies and transferring their functions to judicial bodies. The government Monday enacted the law on tribunal reforms bringing into effect dissolution of several appellate bodies and transferring their functions to judicial bodies.

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