7 Exceptions to E-Assessments
urbanCFO.com welcomes news that Income Tax Department lists out 7 exceptions to e-assessments In a new set of instructions for its field officials, the Income Tax Department has stated that the new countrywide electronic assessment or e-assessments for 2018-19 will not be mandatory for scrutiny related to searches, income escaping assessment, late filing of returns beyond the prescribed deadline and cases where the taxpayer has filed tax return in paper mode. The tax officials, however, would still be required to generate [...]