He said the initiative, aimed at improving taxpayer's ease and convenience, has been achieved in record time.
The revenue department said the scheme will bring in a "paradigm shift" in taxation by eliminating human interface in the income tax assessment system.
"This will improve taxpayer's ease and convenience," it said.
The National e-Assessment Center (NeAC) will facilitate the faceless e-assessment scheme across the country and benefit taxpayers, it added.
Ease of compliance for taxpayers, transparency and efficiency, functional specialisation, improvement in the quality of assessment, risk-based and focussed approach, better monitoring and expeditious disposal of cases are some of the salient features of the scheme.
A total of 2,686 officials of the I-T department have been deputed for implementation of the scheme.
Later talking to reporters, Pandey said, "Anyone whose case is selected for scrutiny will be able to file all the documents online. Now the officer who is going to assess the case will also be selected randomly," he said and added that the number of cases that are selected for scrutiny is based on certain criteria, including cases where there are serious discrepancies.
To a question, if the government will be providing relaxation in personal income tax, the revenue secretary said: "I have no idea".
In her July Budget speech, Sitharaman had announced the faceless assessment scheme.
The existing system of scrutiny assessments in the Income-tax Department involves a high level of personal interaction between the taxpayer and the Department, which leads to "certain undesirable practices on the part of tax officials", she had noted.
To eliminate such instances, she had said the scheme of faceless assessment in electronic mode involving no human interface will be launched in a phased manner.
The setting up of National e-Assessment Centre (NeAC) is a "momentous step" towards the larger objectives of better taxpayer service, reduction of taxpayer grievances in line with Prime Minister's vision of Digital India' and promotion of ease of doing business, the finance ministry said.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.