https://www.taxtmi.com/article/detailed?id=10747 Assessing Officers under faceless assessment should limit third party requests to information strictly necessary to verify the assessee's transactions-such as account confirmations, transaction summaries, payment proofs and specimen supply evidence-rather than demanding supplier income tax returns, audited financial statements or broad documentation at the initial stage. Requests must be proportionate to transaction materiality, justified by specific facts when expanded, and accompanied by adequate identification and reasonable timelines without coercive penalty threats. en-us Wed, 12 Oct 2022 09:57:49 +0530 Wed, 12 Oct 2022 09:57:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10747 Assessing Officers under faceless assessment should limit third party requests to information strictly necessary to verify the assessee's transactions-such as account confirmations, transaction summaries, payment proofs and specimen supply evidence-rather than demanding supplier income tax returns, audited financial statements or broad documentation at the initial stage. Requests must be proportionate to transaction materiality, justified by specific facts when expanded, and accompanied by adequate identification and reasonable timelines without coercive penalty threats. Articles Income Tax Wed, 12 Oct 2022 09:57:49 +0530 https://www.taxtmi.com/article/detailed?id=10747