March 5, 2018

Section – 153 : Time limit for completion of assessment, reassessment and recomputation

153. (1) No order of assessment shall be made under section 143 or section 144 at any time after the expiry of twenty-one months from the end of the assessment […]
March 5, 2018

Section – 152 : Other provisions

152. (1) In an assessment, reassessment or recomputation made under section 147, the tax shall be chargeable at the rate or rates at which it would have been charged had […]
March 5, 2018

Section – 151 : Sanction for issue of notice

151. (1) No notice shall be issued under section 148 by an Assessing Officer, after the expiry of a period of four years from the end of the relevant assessment […]
March 5, 2018

Section – 150 : Provision for cases where assessment is in pursuance of an order on appeal, etc.

150. (1) Notwithstanding anything contained in section 149, the notice under section 148 may be issued at any time for the purpose of making an assessment or reassessment or recomputation […]
March 5, 2018

Section – 149 : Time limit for notice

149. (1) No notice under section 148 shall be issued for the relevant assessment year,— (a) if four years have elapsed from the end of the relevant assessment year, unless […]
March 5, 2018

Section – 148 : Issue of notice where income has escaped assessment

148. (1) Before making the assessment, reassessment or recomputa- tion under section 147, the Assessing Officer shall serve on the assessee a notice requiring him to furnish within such period, […]
March 5, 2018

Section – 147 : Income escaping assessment

147. If the Assessing Officer has reason to believe that any income chargeable to tax has escaped assessment for any assessment year, he may, subject to the provisions of sections […]
March 5, 2018

Section – 146 : Reopening of assessment at the instance of the assessee

146. [Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.]
March 5, 2018

Section – 145A : Method of accounting in certain cases

145A. Notwithstanding anything to the contrary contained in section 145,— (a) the valuation of purchase and sale of goods and inventory for the purposes of determining the income chargeable under […]

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