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:

• Exhaustive commentary on Sections 147–153 and reassessment principles

• Detailed explanation of Section 148A procedures and timelines

• Insightful analysis of limitation under Section 149 and linked safeguards

• Coverage of reassessment triggered by search, survey, or third-party information

• Practical FAQs and strategic drafting responses for reassessment notices

• Clarification of overlaps between reassessment and revision under Section 263

• Reference to landmark Supreme Court and High Court rulings

• Comparative study between old and new reassessment frameworks

Ideal For:

• Chartered Accountants and Tax Practitioners

• Corporate Finance and Legal Departments

• Advocates handling income-tax litigation

• Students and Academicians in Tax Law

• 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.