The Central Board of Direct Taxes (CBDT) has generated an expansive circular on account of assessment proceedings via ‘E-proceeding’ facility during financial year 2019-20.
This circular primarily offers guidance for inspections of those cases that will not be covered under the lately notified e-assessment scheme.
It may be noted the e-assessment scheme would be live from October 8, 2019 and start with cases needing verification of certain specified transactions or discrepancies.
E-proceeding of assessments is not a new process. It earlier happened too but for selective cases, now the CBDT is willing to use that facility on a scale.
In the circular, the CBDT had asked assesses to produce their response or evidence to any notice or communication issued by the Assessing Officer (AO) electronically through their e-filing account on the portal.
It further directed officials requisition of information in cases under e-proceeding should be sought after a careful scrutiny of case record.