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of <h1>Faceless Inquiry Scheme 2022: Streamlining Tax Processes with AI for Transparent, Efficient Assessments u/s 144B.</h1> The Faceless Inquiry or Valuation Scheme, 2022, established by the Central Government under the Income-tax Act, 1961, aims to streamline tax inquiries and valuations through a faceless, automated process. Effective from its publication date, the Scheme utilizes technology, including artificial intelligence and machine learning, for random case allocation to optimize resource use. It covers issuing notices, conducting inquiries before assessments, directing audits, and estimating asset values, all in a faceless manner as outlined in section 144B of the Act. This initiative is part of efforts to enhance efficiency and transparency in tax assessments.
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