Faceless Assessment procedure in steps

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....n Return and Income Tax Return. * If the taxpayer furnishes the Income Tax Return in response to notice u/s 142(1), 148(1), or 143(2). * In case the taxpayer fails to file the income tax return in response to notice u/s 142(1). * In case the taxpayer fails to file the income tax return in response to notice u/s 148(1). Step II: Assessment Unit send notice to Assessee through NFAC * The Assessee receives a notice for Faceless Assessment under Section 142(2)/142(1) on his registered login ID by NFAC. * The Assessee may file his response to the aforementioned notice within the date specified in such notice issued by NFAC. * The reply received by Assessee will be forwarded to AU, through NFAC. Step III: Assessment Unit may require....

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....ines the Income or Loss. After receiving the relevant replies to the notices by the Assessee, the AU shall prepare in writing, an income or loss determination proposal, after taking into account all the relevant material available on record. * Where no variation prejudicial to Assessee is proposed, AU may send the same to the NAFC for the next procedure of Faceless Assessment. * If the variation is being proposed then notice is served to the Assessee, stating variations proposed to be made to the income of the Assessee and calling upon him to submit as to why the proposed variation should not be made through NFAC. Step VII: Assessment Unit issue show cause notice to Assessee through NFAC. If the Assessee fails to comply with the said....