Faceless tax assessments are a game changer. But there is scope for improvement.
In income-tax assessment proceedings, assessing officers (AO) get a full nine months to issue information-seeking notices to scrutinize and verify the claims of expenses, deductions, and incomes as declared by taxpayers in their income tax returns (ITRs). However, recently concluded assessments for the fiscal year 2022-23 suggest that a major part of this nine-month period … Read more
