Our Partner, Mr. Parveen Kumar, and Senior Consultant, Gaurav Bhuddi, have written an article titled “Computerised Processing of ITRs at Central Processing Centre (CPC) Bengaluru: A Bane or Boon”. This article has been featured in The Chamber Journal, June 2024 edition.
The article discusses CPC’s impact on the processing of Income Tax Returns (ITRs) in India. Though CPC has been instrumental in increasing efficiencies and accuracy with respect to tax return processing, but still there are areas of improvisation which have been highlighted in our article. Such key areas/issues include:
- Processing Time taken.
- Limitation of Submission of detailed documents on the portal in response to CPC notice/ orders.
- Technical Glitches in the system leading to erroneous processing
- Communication Gaps
- No mechanism at present for manual review of CPC orders
- Intimations u/s 143(1) passed without providing opportunity to respond.
- Others
Disclaimer
The above summary note is based on our observations in certain cases. While the information is believed to be accurate, we make no representations or warranties, express or implied, as to the accuracy or completeness of it. Readers should conduct and rely upon their own examination and analysis and are advised to seek their own professional advice. This note is not an offer, advice, or solicitation. We accept no responsibility for any errors it may contain, whether caused by negligence or otherwise, or for any loss, howsoever caused or sustained, by the person who relies upon it.
PDF version is attached: The Chamber Journal June 24
