We want businesses to flourish, emphasis on transparent system of tax assessment: Industry body

The conference will be held over a span of four days i.e Sept-4th, 5th,11th and 12th.

Speaking at the occasion, S K Gupta, Member – Taxpayers Services and Systems, CBDT, said, “This conference will provide an apt platform for stakeholders related to the tax system to be able to discuss all issues and challenges related to the tax system in a very thoughtful manner."

"We at CBDT have responded well to the challenges thrown up by the COVID-19 pandemic and did our best to provide seamless operations to the taxpayers with regards to all the announcements made during this period," he said.

Explaining how the new system will work, Gupta emphasized that now the focus is on honouring the honest taxpayers through a transparent system, “We want businesses to flourish. Any case of scrutiny etc will now go to officers in a different city than where the taxpayer resides and replies of assesses will be properly considered whenever there is a query to them. We promise to honor the honest and hope to serve the taxpayers well."

Vineet Agarwal, Sr. Vice President, ASSOCHAM, said, “I would like to acknowledge the remarkable efforts of CBDT to check black money, formalize the economy by encouraging electronic payments and make tax administration more transparent and accountable."

"The recent introduction of faceless assessment and scrutiny, which has now been scaled up to include all assessments other than a few specified cases is indeed a big leap towards setting up a transparent administrative process and will help in enhancing India’s ease of doing business," he said.