Faceless Assessment is a new initiative by the Indian government that aims to simplify and expedite the process of tax assessment by eliminating physical interface between the taxpayers and the tax authorities. It is a completely electronic and online process that allows tax authorities to conduct assessments in a transparent and impartial manner.

Under faceless assessment, the assessment of a taxpayer is assigned to an assessment unit through an automated system without disclosing the identity and location of the taxpayer. The assessment unit is located anywhere in the country and is responsible for conducting the assessment electronically, without any direct contact with the taxpayer.

The faceless assessment process is conducted through a centralized platform called the 'Faceless Assessment Scheme 2019'. The platform is designed to provide transparency, efficiency and standardization in the assessment process. It includes a team of experts from various fields who are responsible for assessing tax returns based on relevant laws and regulations.

The faceless assessment process is expected to bring about significant benefits to taxpayers, including a reduction in the time and cost of compliance, greater transparency and objectivity in the assessment process, and improved accuracy and consistency in assessment outcomes.

The Indian government has made faceless assessment mandatory for all taxpayers with an annual turnover of Rs. 10 crore or more. It is also available for taxpayers with an annual turnover of less than Rs. 10 crore on a voluntary basis.

In conclusion, Faceless Assessment under Income Tax is a welcome step towards a more efficient and transparent tax system in India, which benefits both taxpayers and tax authorities alike.

It is advisable to consult with professional for better outcome in faceless assessment.