https://www.taxtmi.com/manuals?id=954 Section 144B prescribes a faceless assessment procedure where the NFAC automates allocation of cases to Assessment Units, serves notices and forwards assessee responses; AUs may request information, verification by Verification Units, or technical assistance from Technical Units, with NFAC managing notices and transmission of VU/TU reports. AUs prepare income or loss determination proposals, may obtain a Review Unit report, and then prepare draft orders. For eligible assessees, NFAC must serve draft orders allowing acceptance or objections (including to the DRP); thereafter AUs finalise assessments, initiate penalties if any, and NFAC serves final orders and transfers records. en-us Tue, 25 Aug 2015 16:37:00 +0530 Fri, 05 Jul 2024 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=954 Section 144B prescribes a faceless assessment procedure where the NFAC automates allocation of cases to Assessment Units, serves notices and forwards assessee responses; AUs may request information, verification by Verification Units, or technical assistance from Technical Units, with NFAC managing notices and transmission of VU/TU reports. AUs prepare income or loss determination proposals, may obtain a Review Unit report, and then prepare draft orders. For eligible assessees, NFAC must serve draft orders allowing acceptance or objections (including to the DRP); thereafter AUs finalise assessments, initiate penalties if any, and NFAC serves final orders and transfers records. Manuals Income Tax Tue, 25 Aug 2015 16:37:00 +0530 https://www.taxtmi.com/manuals?id=954