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CBDT extends Time Limit of response to notices issued under E-assessment Scheme [Read Circular]

E-assessment Scheme - Time Limit Extension - Taxscan

The Central Board of Direct Taxes ( CBDT ) has extended the time limit for filing of the response to notices issued under section 142(1) of the Income Tax Act, 1961 under the E-assessment Scheme.

In a Communication issued by National E-assessment Centre, Delhi said that, “With a view to provide relief to the taxpayers and tax professionals and to facilitate the compliance with respect to e-Assessment proceedings under E-assessment Scheme,2019, the time limit for filing of response to notices under Section 142(1) of the Income Tax Act issued up to 24.12.2019 by the National e-Assessment Centre is extended up to 10.01.2020 or time given in such notices, whichever is later”.

E-assessment Scheme is, any scrutiny assessment carried out on or after 12-09-2019 shall be governed by this ‘E-assessment Scheme, 2019’.

In the General Budget 2018-19 presented in Parliament by Finance Minister Nirmala Sitharaman had proposed to amend the Income Tax Act to notify a new scheme for e-assessment.

The assessment will be done in electronic mode which will almost eliminate person to person contact leading to greater efficiency and transparency. The Finance Minister added that the e-assessment system was introduced in 2016 on a pilot basis.

Faceless assessment and scrutiny of income tax returns eliminate the possibility of you knowing the tax officer dealing with your case. You might never get to know him as anonymity is maintained in processing your ITR.

Cases selected for scrutiny shall be allocated to assessment units in a random manner and notices shall be issued electronically by a Central Cell, without disclosing the name, designation or location of the assessing officer. The Central Cell shall be the single point of contact between the taxpayer and the Department. This new scheme of assessment will represent a paradigm shift in the functioning of the income tax department.

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