The Central Board of Direct Taxes (CBDT) has issued a circular providing exclusions to faceless assessments under section 144B of the Income Tax Act, 1961.
Thecirculat issued today section 119 of Income-tax Act, 1961 stated that “Assessment orders in all cases for which the time limit for completion expires on March 31, 2022 pending with the jurisdictional Assessing Officer as on March 15, 2022 or thereafter, which cannot be completed as per the procedure laid down under Section 144B of the Act due to technical procedural constraints in the given period of limitation.”
The Board further clarified that assessment in cases at (vi) above shall be completed by the jurisdictional Assessing Officer.
The Board further reiterated that the exception at (vi) above is applicable only to the cases for which the time limit for completion expires on March 31, 2022.
CIRCULAR NO: F.No. 187/3/2020-ITA-I
DATE: 17th March 2022
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