![]() Inquiries/Adjudication during the course of penalty proceedings The NFPC assigns the Penalty Proceedings to any Penalty Unit located in any one Regional Faceless Penalty Centre through an automated random allocation system. There was no assignment of penalty proceedings and the Jurisdictional AO was having a by-default and inherent right of initiating and adjudicating the penalty proceedings pursuant to the assessment order. No.įaceless Penalty Proceedings under Faceless Penalty Scheme, 2021Īll Penalty Proceedings disposed of uptill Īll pending and new Penalty Proceedings w.e.f.ĭynamic Jurisdiction comprised in any Penalty Unit in Regional Faceless Penalty Centre (RFPC) under the overall monitoring and supervision of National Faceless Penalty Centre (NFPC). So, for better and clear understanding of the worthy readers, the points of distinction between the manner and mode of conducting of the conventional penalty proceedings and the new faceless penalty proceedings to be conducted under the Faceless Penalty Scheme, 2021, are being tabulated as under: S. The easiest way to understand the practicalities and nuances of any new/amended piece of legislation is to compare and analyse it with the existing provisions. Difference between Conventional Penalty Proceedings & Faceless Penalty Proceedings under Faceless Penalty Scheme, 2021 118 (E) dated, has issued Directions for the Implementation of the Faceless Penalty Scheme, 2021. 117 (E), dated and for the purposes of giving effect to the Faceless Penalty Scheme, 2021, the Central Government vide its Gazetted Notification No. In exercise of the powers conferred by sub-section (2A) of section 274 of the Income-tax Act, 1961, the Central Government has notified the Faceless Penalty Scheme 2021, vide its gazetted Notification No. introducing a mechanism for imposing of penalty with dynamic jurisdiction in which penalty shall be imposed by one or more income-tax authorities.ģ.optimising utilisation of the resources through economies of scale and functional specialisation.eliminating the interface between the Assessing Officer and the assessee in the course of proceedings to the extent technologically feasible.Therefore, the Finance Act 2020 has inserted an enabling provision in the form of a new sub-section (2A) in section 274 of the Act so as to provide that the Central Government may notify a e-scheme for the purposes of imposing penalty so as to impart greater efficiency, transparency and accountability by. With the advent of the Faceless Assessment Scheme, 2019 and in order to ensure that the reforms initiated by the Department to eliminate human interface from the system reaches the next level, it was imperative to launch a Faceless Penalty Scheme on the lines of Faceless Assessment Scheme, 2019. In response to a showcause notice issued by the Assessing Officer (AO), assessee or his authorised representative was still required to visit the office of the Assessing Officer. Section 274 of the Income Tax Act provides for the procedure, for imposing penalty (for underreporting or mis-reporting of income u/s 270A) under Chapter XXI of the Act. Well yes Friends, your income can’t be faceless (read unexplained or concealed) anymore, as the assessing authorities have become faceless, now-a-days. the newly legislated Faceless Penalty Scheme, 2021. In this Taxalogue, I am just trying to decode and explain the newly inserted rules of penalty shoot-out i.e. Here also, in order to save your Goal (read levy of penalty), you ought to know the rules of the game. Like-wise, in the game of tax assessments, just one false or inaccurate particular of your income or sometimes even an error of judgement by the assessing authority can result in giving that penalty shoot-out to the assessing authority. And for saving your goal, it is quintessential that you know the rules of penalty-shoot out like how many defenders can remain in the inside circle etc., so that you may not give another penalty shoot-out opportunity to your opponent. Whether its your foul play or the error of judgement by the Referee, once a penalty shoot is given to your opponent, then You are left with no other choice but to save your Goal. Sometimes, even an error of judgement by the Referee may also result in penalty. In the game of football, your good performance and hard work of the entire game can go for a toss with just one wrong or foul move resulting in the award of penalty shoot-out to your opponent. ![]() “The best place to defend is in the opposition penalty box.”- Jock Stein ![]() Decoding the New Rules of Penalty Shoot-out: Faceless Penalty Scheme 2021!!
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