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of <h1>Faceless Penalty Scheme 2021: Enhancing Transparency in Income Tax Penalties Under Section 274(2A) with No Direct Interaction</h1> The Faceless Penalty Scheme, 2021, established by the Ministry of Finance, aims to streamline the process of imposing penalties under the Income-tax Act, 1961. Enacted under the authority of sub-section (2A) of section 274, the scheme is designed to enhance transparency and efficiency by eliminating direct interaction between taxpayers and tax authorities. It officially commenced on the date of its publication in the Official Gazette, as per Notification No. 02/2021 issued by the Central Board of Direct Taxes.
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