New provisions inserted into section 147A of the 1961 Act and section 279 (3) of the 2025 Act explicitly declare that for reopening assessments, issuing pre-reopening show-cause notices, and ...
10don MSNOpinion
Faceless tax assessment lost its way: Why Budget 2026 must fix system, not expand compliance burden
With the new Income-tax Act approaching, Budget 2026 presents a crucial chance to reform India's Faceless Assessment Scheme.
The Finance Bill, 2026 clarifies who can issue notices under sections 148 and 148A. It confirms that only jurisdictional Assessing Officers, not faceless units, can conduct pre-notice ...
MUMBAI (Reuters) - Indian tax officials are pushing back against Prime Minister Narendra Modi's new faceless tax assessment program, complaining about a lack of consultation and inadequate resources ...
The Finance Bill 2026 introduces retrospective amendments to the Income-tax Act, 1961, addressing key court rulings. These changes clarify time limits for transfer pricing assessments, validate the ...
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