PM Modi said in his speech that they will increase the amount of faceless scrutiny and the algorithm for allotting such scrutiny will change from time to time. Further transfer of Income Tax officer would be less because of such faceless scrutiny.
Also Faceless appeal shall be launched under this scheme from 25th September 2020 all over India.
Tax payer Charter is now launched: Now the onus would be on Income tax officer to have a valid proof if ITO thinks that taxpayer has evaded any tax.
Section 119A was inserted by Finance Act, 2020 in Income tax act as Tax payers Charter. Now platform has been introduced for same.
Thus, the 3 major announcement today were:
1. Faceless scrutiny.
2. Faceless Appeal.
3. Tax payers Charter.
Stay tuned for regular updates.