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The relationship between taxpayers and the Govt departments has been a strained one. Taxpayers, especially from Tier 2/Tier 3 cities used to face a lot of hassles with respect to their tax notices and assessments. Apart from the department’s procedural issues, lack of experience handholding was also a problem for them. Now, by digitizing the process, the department has ushered in a new regime where everything - e-allocation of appeal to e-communication of notice, questionnaire, verification, enquiry as well as the final appellate order - the entire process of appeals will be an online affair.
The Faceless Assessments regime will be a major gamechanger for India Inc., it would lay the roadmap for making the income tax system seamless, painless, free from personal biases. This, in turn, would give freedom to taxpayers from tedious and long-drawn litigation matters and create mutual respect and confidence.
Advantages to Taxpayer
Advantages to Tax Officers