The Central Board of Direct Taxes (CBDT) authorized the Assistant Commissioner/Deputy Commissioner of Income-tax (National e-Assessment Centre, NEAC) for the purpose of issuance of notice under sub-section (2) of section 143 of the Income Tax Act.
The notification shall come into effect retrospectively from August 13, 2020, it is the date when the Faceless Assessment Scheme, 2020 was introduced.
In the explanatory memorandum, it was stated that no person is being adversely affected by giving retrospective effect to this notification.
The notification is issued under section 143(2) of the Act read with Rule 12E of the Income-tax Rules, 1962 to authorize the Assistant Commissioner/Deputy Commissioner of Income-tax (National e-Assessment Centre) having his headquarters at Delhi, to act as the Prescribed Income-tax Authority for the purpose of sub-section (2) of section 143 of the Act, in respect of returns furnished under section 139 or in response to a notice issued under subsection (1) of section 142 of the said Act, for the purpose of issuance of notice under sub-section (2) of section 143 of the said Act.
Section 143(2) states that when the income tax department finds discrepancies, minor or major, in income tax returns, a notice will be issued under Section 143(2). The discrepancies can be under-reporting income or over-reporting losses. The notice is issued to make sure that you have not underpaid tax in any way.
Rule 12E states that the prescribed authority under section 143(2) shall be an income-tax authority not below the rank of an Income-tax Officer who has been authorized by the Central Board of Direct Taxes to act as income-tax authority for the purposes of section 143(2).
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