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CBDT sets up NeAC & appoints KM Prasad as first Principal Chief Commissioner of Income Tax of NeAC

CBDT sets up NeAC & appoints KM Prasad as first Principal Chief Commissioner of Income Tax of NeAC_50.1

Central Board of Direct Tax(CBDT) has newly set up National e-Assessment Centre (NeAC) in Delhi. The initiative is a part of government efforts to reduce human discretion in assessments and scrutiny, which in turn will eliminate possibilities of corruption, by leveraging new technologies like artificial intelligence, machine learning, video conferencing, telecommunication application software and mobile applications.

CBDT has also appointed 1984 batch Indian Revenue Service (IRS) officer Krishna Mohan Prasad as the first Principal Chief Commissioner of Income Tax of NeAC. The Centre will have 16 officials and will be headed by a Principal Chief Commissioner of Income-tax (PCCIT) as its chief.

Static/Current Takeaways Important For IBPS RRB Main 2019:

  • CBDT Established: 1944; Chairman: Pramod Chandra Mody.

Source: The Hindu

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