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Budget 2021-22 should re-evaluate random allotment of cases under faceless tax assessment system: Experts
Delays in assessments have been pointed out by various sectors, especially from the precious metal sector where a specified process is followed for assessment of dore, because of random allotment of assessment cases, say experts.
January 13, 2021 / 03:42 PM IST
While presenting the Union Budget 2019, Finance Minister Nirmala Sitharaman had announced the government’s plans to replace the existing system of scrutiny assessment in the Income Tax department with faceless e-assessment.
Under the faceless income tax assessment system, the sample and documents are sent to remote customs office who may have no understanding of the assessment procedure of dore (the unrefined form of gold and silver), due to which experts believe Union Budget 2021-22 should re-evaluate the present mechanism of random allotment of assessment cases, in order for it to achieve its in ....

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