Notification of the firm's assessment
When a registered firm is evaluated or an unregistered firm is evaluated under the terms of a clause in section 183 for the assessment year beginning on April 1st, 1992, or any earl...
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Tax interest penalty with reference to tax exemption
When an assessee has been given a deduction for a patent during any assessment year under section 80RRB, and later by a judgment of the Commissioner or the High Court under the Pate...
State government protocols for income tax deductions
The state government shall produce the certificate before the assessing officer within two years from the end of the assessment year, in which income is assessable, the assessi...
Rectification of mistakes
Any order made by the Assessing Officer occasionally may contain an error. In this case, an error that is clear from the record may be corrected in accordance with section 154. In this section, the rules for correcting errors under Sec...
Assessment in case of search or requisition
In spite of anything stated in Sections 139, 147, 148, 149, 151, and 153, in the event of a person where a search is commenced under Section 132 or books of account, other papers, or other assets are requisitioned under Section 132A af...
Timeframe for finishing assessments and reassessments
If, after the aforementioned time or period, the period of limitation mentioned in various subsections that the assessing officer has available to make an order of evaluation, reevaluation, or recomputation, as the case may be, is less...
Income Evasion Analysis
Income that has been excluded from the income tax assessment of a certain taxpayer is referred to as income evading assessment. The income tax department may start the legal procedures in a case of income evasion if specific incomes ha...
Method of accounting in certain cases
Despite anything in section 145 that says the opposite, for the purpose of calculating the income chargeable under the category "Profits and profits of business or profess...
Reopening of assessment
A tax demand is sent to a taxpayer when he neglects to complete a tax return or reveal his actual taxable income. The reason for this is that tax authorities have evidence that the taxpayer has more income than he has declared as taxab...
An estimate by the valuation officer in certain cases
Whenever an estimate of the valuation of any investment referred to in Sections 69 or 69B, or the value of any bullion, jewellery, or other valuable item referred to in Sections 69A or 69B 8, or the fair market price of any real estate...