CS Professional · Advanced Direct Tax Laws and Practice · Assessment
Which function belongs to the review unit in the faceless assessment structure of section 273?
The review unit reviews variations proposed by the assessment unit, where the National Faceless Assessment Centre considers it necessary, checking that material evidence, points of fact and law, and issues for addition or disallowance are properly incorporated.
- AExamining witnesses and recording statements
- BGiving technical advice on valuation or transfer pricing
- CChecking whether relevant and material evidence is on record for a variation proposed by the assessment unit, where the Centre considers review necessaryCorrect
- DServing the notice under section 268(1) on the assessee
Explanation
Section 273(3)(e) assigns the review unit the review of variations proposed by the assessment unit, when the Centre considers it necessary, including checking evidence and points of fact and law. Examining witnesses is for the verification unit, and technical advice is for the technical unit. Serving notices is for the Centre.
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