Notification S.O. 741(E) & 742(E), dated 17-02-2021
The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 has inserted a new Section 144B to the Income-tax Act, 1961 to provide how faceless assessment shall be conducted.
All assessments up to 31-03-2021 will be governed by the Faceless Assessment Scheme, 2019 and thereafter assessments shall be carried out in accordance with the provisions of this section.
Now, the Central Board of Direct Taxes (CBDT) has notified Faceless Assessment (1st Amendment) Scheme, 2021 to bring the provisions of Faceless Assessment Scheme, 2019 at par with provisions of Section 144B of the Income-tax Act, 1961.