Escapement of income chargeable to tax is a subject with very wide
dimensions. Assessing Officers are familiar with the provisions relating
to “income escaping assessment”, i.e. section 147. This is commonly
known as reassessment. However, it is seen that many times, the scope of
section 147 is not understood correctly. As a result, this section is
often resorted to even in cases when it is not followed correctly. There
are many instances where assessments made under section 147 have been
cancelled by the appellate authorities on the ground of being invalid.
It is necessary that this section is properly understood.
Thus, section 147 has assumed great importance. In this book an attempt
has been made to explain the provisions relating to assessment and
re-assessment. This book discusses the basics of section 147 and as many
relevant issues as possible. This book, at best, can be claimed to give
some glimpses of a vast subject like section 147 and not an exhaustive
exposition on the subject.
The book is very exhaustive and covers all probable areas along with latest amendments made as per Finance Act of 2021. It covers an extensive analysis on the reassessment provisions in light of landmarks judgements which will help Department as well as professionals to face dispose the litigations hastily.
Commercial's Income Escaping Assessment under Income Tax Law by Ram Dutt Sharma [Edn. 2021]
- Publisher: Commercial Law Publisher
- Book Code: 9788194610748
- Availability: 9
-
Rs595.00
Related Books
Taxmann's Income Tax Rules 2023 (2 Vols.)
This book covers the Amended, Updated & Annotated text of the Income-tax Rules and 35+ Allied Ru..
Rs2,350.00
Lexisnexis Kanga & Palkhivala's Law and Practice of Income Tax [2 Vols.] by Arvind P Datar
The book is now in its 70th year of publication, continues to steadfastly occupy the mantle of be..
Rs6,995.00
Nabhi's Income Tax Guidelines & Mini Ready Reckoner 2023-24 & 2024-25 Alongwith Tax Planning
Only book incorporating changes as per Finance Act, 2020 (as passed by Parliament) at all appro..
Rs790.00
Vision's How to Save Income Tax through Tax Planning by R. N. Lakhotia & Subhash Lakhotia (32nd Edn.A. Y. 2018-19)
Practical and time-tested methods for saving income tax Every year, the Union Budget changes some ..
Rs295.00
Commercial's Computation of Income From House Property Under Income Tax Law by Ram Dutt Sharma [2022 Edn.]
This book deals with the income charged under the head “Income from House Property”. The scope of in..
Rs550.00
Garg's Income Tax Ready Reckoner 2023-24 & 2024-25 by LMH Publications Pvt. Ltd., Navin Kumar Sharma, Panushka Goyal | IT Ready Reckoner
Garg’s Income Tax Ready Reckoner For Assessment Year 2023-2024 & 2024-2025.Index : 1 Rates ..
Rs2,175.00
Commercial's Law Relating to Income Tax Survey by Ram Dutt Sharma [2022 Edn.]
The two most important coercive measures available with income-tax authorities are survey and sear..
Rs595.00
Commercial's Search & Seizure under Income Tax Law by Ram Dutt Sharma [Edn. 2023]
Search & seizure under Income-tax law is a very vast subject in itself consisting of various i..
Rs1,045.00
Commercial’s Understanding of Faceless Assessment Covering Appeal & Penalty Schemes Under Income Tax Laws by Ram Dutt Sharma
For decades the assessment was done by local jurisdictional officer. The idea of faceless E-assess..
Rs595.00
Commercial's Taxation Of Undisclosed Income Under Income tax Law By Ram Dutt Sharma [Edn. 2022]
This Book aims at discussing tax treatment of all sorts of incomes from undisclosed sources. The who..
Rs695.00