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of <h1>Faceless Tax Inquiries and Valuations: Government to Implement Scheme Under Income Tax Act Section 142B to Boost Transparency</h1> The Central Government is authorized to develop a scheme for faceless inquiries or valuations under Section 142B of the Income Tax Act, aiming to enhance efficiency, transparency, and accountability. This scheme involves issuing notices, conducting inquiries, auditing accounts, and valuing assets without direct interaction between tax authorities and taxpayers, utilizing technology to optimize resources. Notifications related to this scheme must be published in the Official Gazette and presented to Parliament. The scheme allows for modifications to the Act's provisions, but no directions can be issued after March 31, 2022.
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