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Faceless schemes of direct taxes creating more problems than resolutions
December 29, 2020
Stakeholders find too many gaps in the faceless assessment and faceless appeal
The government’s Faceless Assessment Scheme (FAS) for direct taxes seems to be creating more problems than resolutions.
“The scheme was launched with good intentions, but now that aim appears to be going off the track,” said Vinod Jain, a chartered account and Member of Finance Ministry’s High Powered Committee to Simplify Income Tax Law, and also one of the architects of FAS.
He told
BusinessLine that denial of opportunity to be heard is against the principle of natural justice, especially when decisions are not in favour of assessees. ....

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