FACELESS Assessments, Rectifications & E-Advance Rulings (3rd Edition)
- Year of Publication: 2023
- Edition: 3rd
- ISBN: 978-93-94163-50-8
- No.of Pages: 753
Faceless procedure in assessment, rectifications, penalty, E-Dispute Resolution and E-Advance Ruling are the present day innovations. Statutory and schematic provisions are critically analysed and discussed with practicing eloquence and helping hand in mind. This publication, in its third revised edition, would be a catalyst covering old and new faceless procedure of assessments, reassessments, rectification, revision, penalties, e-settlement, dispute resolution and e-advance rulings for tax law practitioners, tax managers and administrators, students and scholars in their further administrative, legal and research pursuits.
To start with, Assessment (New & Old) and Penalty Step Charts are tabulated graphically in the beginning of the book for convenience and quick grasp of the faceless procedures. Introduction to faceless tax procedure, substantive law and fundamental principles are given in brief in Chapter One. How faceless schemes of assessment brewed over a period of time is discussed in Chapter Two from introduction of computerisation in filing returns of income in 2012. ‘Pre Faceless Procedure’ is Chapter Three discussing introduction of the Faceless Schemes up to the stage immediately before the Faceless Assessment insertion under section 144B. Chapter Four contains threadbare clause by clause discussion of old Faceless Assessment under section 144B with some grey areas and eclipses. Chapter Five, similarly, discusses new Faceless Assessment Scheme, clause to clause and paragraph-wise with comments for and hampering the procedure. Chapter Six contains comparatives provision in the Schemes and section 144B. Chapter Seven discusses E-assessment of income escaping assessment, Scheme, 2022. Chapter Eight finds rectification disposition in various faceless Schemes. Chapter Nine provides discussion on Faceless Penalty Scheme, 2021 and the amendment Scheme, 2022 .
Chapter Ten is the insertion of E-Advance Rulings, 2022 more or less on the lines of faceless assessments.
Chapter Eleven incorporates the Other Faceless Procedures provisions including the insertion of E-Dispute Resolution Scheme, 2022.
Relevant provisions of law and procedure are given in Appendices for easy reference.
Sunita Garg is an advocate having over 30 years standing; a gold medalist in Penal laws pursuits. She is specialising expert in Civil litigation in various High Courts in India, primarily in Income Tax and Corporate law matters. Academically, she is a commerce graduate and a Bachelor of law.
R.P. Garg has been specialising over 50 years in corporate and taxation laws with consulting top tax law firms, having experience as a Chartered Accountant, advocate of High Courts and Supreme Court and as a member of Income Tax Appellate Tribunal for a period of over 23 years presiding over and conducting second appeals arising in direct tax laws and finally retired as the Senior Vice President thereof, a penultimate post as it then existed. Academically, he is a commerce graduate, a Fellow member of the Institute of Chartered Accountants of India and has a Master degree in law from Delhi University, India. He is also a senior tax consultant to internationally reputed firms dealing in corporate tax and offshore transaction matters.
R.P. Garg has been a continuous source of contributing papers in seminars and tax journals on International and Indian tax laws. He has been the co-author of books on Indian GAAR, Taxation of Non-residents, International Law, Law of Tax Treaties, Practice and Procedure before ITAT, National Company Law Appellate Tribunal, students series on income tax, Limitation & Arbitration and Gift tax laws.
R.P. Garg has been the Chairman of the Chamber of Tax Consultants, Delhi Chapter for consecutive two years and contributed his experience in spreading knowledge and as Past Chairman thereafter for another two years.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
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- Year of Publication: 2023
- Edition: 3rd
- ISBN: 978-93-94163-50-8
- No.of Pages: 753
Faceless procedure in assessment, rectifications, penalty, E-Dispute Resolution and E-Advance Ruling are the present day innovations. Statutory and schematic provisions are critically analysed and discussed with practicing eloquence and helping hand in mind. This publication, in its third revised edition, would be a catalyst covering old and new faceless procedure of assessments, reassessments, rectification, revision, penalties, e-settlement, dispute resolution and e-advance rulings for tax law practitioners, tax managers and administrators, students and scholars in their further administrative, legal and research pursuits.
To start with, Assessment (New & Old) and Penalty Step Charts are tabulated graphically in the beginning of the book for convenience and quick grasp of the faceless procedures. Introduction to faceless tax procedure, substantive law and fundamental principles are given in brief in Chapter One. How faceless schemes of assessment brewed over a period of time is discussed in Chapter Two from introduction of computerisation in filing returns of income in 2012. ‘Pre Faceless Procedure’ is Chapter Three discussing introduction of the Faceless Schemes up to the stage immediately before the Faceless Assessment insertion under section 144B. Chapter Four contains threadbare clause by clause discussion of old Faceless Assessment under section 144B with some grey areas and eclipses. Chapter Five, similarly, discusses new Faceless Assessment Scheme, clause to clause and paragraph-wise with comments for and hampering the procedure. Chapter Six contains comparatives provision in the Schemes and section 144B. Chapter Seven discusses E-assessment of income escaping assessment, Scheme, 2022. Chapter Eight finds rectification disposition in various faceless Schemes. Chapter Nine provides discussion on Faceless Penalty Scheme, 2021 and the amendment Scheme, 2022 .
Chapter Ten is the insertion of E-Advance Rulings, 2022 more or less on the lines of faceless assessments.
Chapter Eleven incorporates the Other Faceless Procedures provisions including the insertion of E-Dispute Resolution Scheme, 2022.
Relevant provisions of law and procedure are given in Appendices for easy reference.
Sunita Garg is an advocate having over 30 years standing; a gold medalist in Penal laws pursuits. She is specialising expert in Civil litigation in various High Courts in India, primarily in Income Tax and Corporate law matters. Academically, she is a commerce graduate and a Bachelor of law.
R.P. Garg has been specialising over 50 years in corporate and taxation laws with consulting top tax law firms, having experience as a Chartered Accountant, advocate of High Courts and Supreme Court and as a member of Income Tax Appellate Tribunal for a period of over 23 years presiding over and conducting second appeals arising in direct tax laws and finally retired as the Senior Vice President thereof, a penultimate post as it then existed. Academically, he is a commerce graduate, a Fellow member of the Institute of Chartered Accountants of India and has a Master degree in law from Delhi University, India. He is also a senior tax consultant to internationally reputed firms dealing in corporate tax and offshore transaction matters.
R.P. Garg has been a continuous source of contributing papers in seminars and tax journals on International and Indian tax laws. He has been the co-author of books on Indian GAAR, Taxation of Non-residents, International Law, Law of Tax Treaties, Practice and Procedure before ITAT, National Company Law Appellate Tribunal, students series on income tax, Limitation & Arbitration and Gift tax laws.
R.P. Garg has been the Chairman of the Chamber of Tax Consultants, Delhi Chapter for consecutive two years and contributed his experience in spreading knowledge and as Past Chairman thereafter for another two years.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
