Description
Taxmann Publications Faceless Assessment and Appeals Ready Reckoner with Real Time Case Studies 4th Edition April 2021 by Mayank Mohanka
This book is a ready reckoner for the assessee and tax practitioners, to understand practicalities and nuances of the following, in an effective, qualitative and timely manner:
Faceless Assessments under the newly inserted Section 144B of the Income Tax Act w.e.f. 01.04.2021
Faceless Appeal Scheme, 2020 legislated w.e.f. 12.02.2021
Faceless Penalty Scheme, 2021 incorporated w.e.f. 12.02.2021
Legislative provisions concerning Faceless ITAT
The Present Publication authored by Mayank Mohanka, is the 4th Edition & amended by the following:
The Finance Act, 2021
The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
All Important & Relevant CBDT’s Legislative Schemes, Circulars, Notifications & Press Releases on the Faceless Taxation Regime are updated till 31.03.2021
This book has the following noteworthy features:
[Illustrative Tables, Infographics, Visuals & Real-time Scrutiny Windows] to explain the newly inserted Section 144B containing provisions for ‘Faceless Assessments’ and the Legislative Schemes of ‘Faceless Appeal Scheme, 2020’ and ‘Faceless Penalty Scheme, 2021’.
[Real-time Practical Case Studies] on ‘Faceless Assessments’ on issues of:
Addition on account of HSBC Foreign Bank Account
Reassessment on account of Information from another IT Authority
Admission of Additional Evidence under Rule 46A
Cash Deposits out of Earlier Cash Withdrawals
Addition on account of considering Rental Business Income as Income from House Property
Appeal against Revisionary Order u/s 263
TDS on Transmission & Wheeling Charges
Appeal against Rectification Order u/s 154
Cash Deposits during Demonetization
Valuation of Shares u/s 56(2)(x)
Share Capital/Share Premium
LTCG on Penny Stocks
Disallowance u/s 14A/Rule 8D
Disallowance of Pre-commencement Business Expenditure
Taxability of Compensation received under RFCTLAAR Act, 2013
Revenue Recognition & Expenditure Booking in Real Estate Business
Bogus Purchases, Seized Diary, AIR/STR information
[Specimens of Suggestive Qualitative & Meritorious] ‘e-Responses/Submissions’ on ‘Faceless Assessments & Faceless Appeals’
Practicalities & Nuances of Differences between the Conventional Assessments, Appeals and Penalty Proceedings & the New Faceless Assessments, Appeals and Penalty Proceedings.
[‘Step-by-Step-Manner’ through ‘Real-time’ ‘e-Proceedings’ windows] for demonstrating the actual conduct of ‘Faceless Assessments’, ‘Faceless Appeals’ & ‘Faceless Penalty’ proceedings
[Practical Guide] to ‘e-Filing of Rectification Applications u/s 154’ & ‘e-Responses to Outstanding Income Tax Demands’.
[Doctrine of Audi Alteram Partem] Critical Litigative Issues in the Faceless Taxation Regime
Faceless ITAT: Some Key Issues
FAQs on the ‘Faceless Taxation Regime’
International Best Practices in Tax Administration & Indian Tax Administration
The detailed contents of this book are as follows:
Faceless Assessments
Faceless Taxation Regime Enters Legislature
Personal Hearing via Video Conferencing in Faceless Assessments
Practical Guide to Faceless Assessments
Practical Case Study on ‘Faceless Assessment’ under section 143: Receipt of Share Capital/Share Premium
Practical Case Study on ‘Faceless Assessment’ under section 143: Long Term Capital Gain on Penny Stocks
Practical Case Study on Faceless Assessment under section 143 : Disallowance under section 14A read with rule 8D
Practical Case Study on ‘Faceless Assessment’ under section 143: Disallowance of pre-commencement business expenditure
Practical Case Study on Faceless Assessment under section 143 : Taxability of Compensation received under RFCTLARR Act, 2013
Practical Case Study on Faceless Assessment under section 143 : Revenue Recognition & Expenditure Booking in Real Estate Business
Practical Case Study on Faceless Assessment under section 147 : Bogus Purchase Entries
Practical Case Study on Faceless Assessment under section 147 : Seized Diary/Loose Sheets
Practical Case Study on Faceless Assessment under section 147 : Annual Information Return (AIR)
Practical Case Study on Faceless Assessment under section 147 : Information from Investigation Wing
Practical Case Study on Faceless Assessment under section 147 : Cash Deposits during Demonetisation
Practical Case Study on Faceless Assessment under section 147 : Valuation of Shares u/s 56(2)
Practical Guide to e-Filing of rectification application u/s 154 & e-response to outstanding Income-tax demand
Decoding Lesser Known Nuances of ‘Faceless Assessment Scheme, 2019’
Faceless Assessments : Few Critical Suggestions to Make them Flawless
International Best Practices & Indian Tax Administration
FAQs on Faceless Assessments
Key takeaways of SOPs issued by NeAC for Faceless Assessments
New Faceless regime as per ‘The Taxation Amendment Act, 2020’
Faceless Appeals
Faceless Appeals: One more step towards Digital Tax Administration!!
Practical Guide to Faceless Appeals
Key Takeaways from Deliberations of Sr. Income Tax Department Dignitaries on Faceless Assessments & Appeals
Practical Case Study on Faceless Appeals: Addition in respect of Foreign Bank Account
Practical Case Study on Faceless Appeals: Information from Another IT Authority
Practical Case Study on Faceless Appeals: Admission of Additional Evidence
Practical Case Study on Faceless Appeals: Cash Deposits During Demonetisation
Practical Case Study on Faceless Appeals: AO’s Treatment of Business Rental Income as Income from House Property
Practical Case Study on Faceless Appeals: Challenge to Revisionary Order u/s 263
Practical Case Study on Faceless Appeals: TDS on Transmission & Wheeling Charges
Practical Case Study on Faceless Appeals: Challenge to Rectification Order u/s 154
Decoding the New Rules of Penalty Shoot-out: Faceless Penalty Scheme 2021!!
Final Fact-Finding Appellate Authority ITAT Also Going Faceless w.e.f. 1.4.2021
Faceless Taxation Regime & Audi Alteram Partem
Details