Law Relating to Reassessment
Author: D.C. Agrawal and Ajay Kumar Agrawal
Year: 2025
About the Book:
This book offers a comprehensive and analytical exposition of reassessment under Indian Income-tax law. Tracing the historical background and legislative evolution of reassessment provisions, it focuses on current frameworks as amended by the Finance Act 2025. Covering Sections 147 to 153, with a particular focus on Sections 148, 148A, and 149, it provides practical guidance for addressing escaped income, compliance with procedural norms, and mitigating litigation risks.
Key Features:
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Exhaustive commentary on Sections 147–153 and reassessment principles
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Detailed explanation of Section 148A procedures and timelines
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Insightful analysis of limitation under Section 149 and linked safeguards
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Coverage of reassessment triggered by search, survey, or third-party information
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Practical FAQs and strategic drafting responses for reassessment notices
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Clarification of overlaps between reassessment and revision under Section 263
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Reference to landmark Supreme Court and High Court rulings
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Comparative study between old and new reassessment frameworks
Ideal For:
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Chartered Accountants and Tax Practitioners
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Corporate Finance and Legal Departments
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Advocates handling income-tax litigation
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Students and Academicians in Tax Law
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Tax Administrators and Government Officials
Hashtags:
#reassessment #incometax #section148 #section147 #FinanceAct2025 #taxlitigation #DCAgrawal #AjayKAgrawal #escapedincome #taxlaw
Caveat Legalis:
Description based on available details—interpret with due diligence.