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E-Assessment: CBDT designates Officer for E-Verification [Read Notification]

E-Assessment - Income Tax

As part of taking measures to make the tax proceedings easier and hassle-free for assessees with the help of modern technology, the income tax department has proposed to launch e-assessment and verification of returns. In connection with this, the Central Board of Direct Taxes (CBDT) has notified the designated officer for e-verification.

On Wednesday, the finance ministry issued a notification to set up a Central Vigilance Commission (CVC) to carry out e-verification of the ‘red-flagged’ cases of income tax returns. Under the new facility, tax returns of individuals, as well as companies, will be verified.

Under a notification issued on Wednesday, the Commissioner of Income Tax (e-verification) has been appointed (i) for the purpose of centralised issuance of notice and for collection and processing of information or documents and making available the outcome of the collection and processing under sub-sections (1) and (2) of Section 133C of the Income Tax Act, 1961; (ii) to specify the format and manner of response expected from the assessee and to call for information under section 133 of the Income-tax Act, 1961 and corresponding provisions of Chapter XXI (Penalties imposable), Chapter-XXII (Offences and Prosecution) and other provisions incidental thereto of the said Act; and (iii) under section 285BA of the Income-tax Act, 1961 and corresponding provisions of Chapter XXI (Penalties imposable), Chapter-XXII (Offences and Prosecution) and other provisions incidental thereto of the said Act;

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