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CA Final · Direct Tax Laws & International Taxation · Assessment Procedure

Under Rule 176(2) of the Income-tax Rules, 2026, once the faceless assessment of Banyan Foods Ltd is completed, what does the National Faceless Assessment Centre do with the electronic records?

After completion of the faceless assessment, the National Faceless Assessment Centre transfers all the electronic records to the Assessing Officer having jurisdiction over the assessee. The rule does not provide for destruction, permanent retention by the Centre, or custody with the Dispute Resolution Panel.

  1. ADestroys them after serving the final order
  2. BRetains them permanently with itself
  3. CTransfers all the electronic records to the Assessing Officer having jurisdiction over the assesseeCorrect
  4. DSends them to the Dispute Resolution Panel for safe custody

Explanation

Rule 176(2)(af) states that after completion of assessment, the National Faceless Assessment Centre transfers all the electronic records to the Assessing Officer having jurisdiction over the assessee. The rule does not provide for destruction, permanent retention by the Centre, or custody with the Dispute Resolution Panel.

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