‘Local transfer pricing cases to go faceless’

Domestic transfer pricing cases to also be covered under the faceless assessment mechanism

Updated - August 28, 2020 10:50 pm IST

Published - August 28, 2020 10:29 pm IST - New Delhi

Photograph used for representational purposes only

Photograph used for representational purposes only

The Income-Tax Department will soon start sending out intimation to assessees undergoing scrutiny that such cases would now be handled under faceless assessment, a tax official said on Friday.

CBDT Additional Commissioner Jaishree Sharma also said domestic transfer pricing cases, too, will be covered under the faceless assessment mechanism.

Asked whether the previous notices still stand valid, the official said, “Previous notices will not become redundant.”

Reassessment cases would also be a part of the faceless scheme.

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