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of <h1>Finance Bill 2021: Faceless ITAT Proceedings to Boost Tax Efficiency and Transparency with Section 255 Amendments.</h1> The Finance Bill 2021 introduces a provision for faceless proceedings before the Income-tax Appellate Tribunal (ITAT), aiming to enhance efficiency, transparency, and accountability in tax processes. This initiative builds on the existing faceless assessment, appeal, and penalty schemes, minimizing physical interaction between taxpayers and authorities. The Central Government is empowered to notify schemes that eliminate the interface between ITAT and appellants, optimize resource utilization, and introduce a dynamic jurisdictional system. Amendments to section 255 of the Act will facilitate these changes, with notifications to be issued by March 31, 2023, and the amendment effective from April 1, 2021.
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