March 5, 2018Published by Law@HostBooks at March 5, 2018Categories CHAPTER XIV - Procedure for assessment Income-tax Act 1961Section – 152 : Other provisions152. (1) In an assessment, reassessment or recomputation made under section 147, the tax shall […]
March 5, 2018Published by Law@HostBooks at March 5, 2018Categories CHAPTER XIV - Procedure for assessment Income-tax Act 1961Section – 151 : Sanction for issue of notice151. (1) No notice shall be issued under section 148 by an Assessing Officer, after […]
March 5, 2018Published by Law@HostBooks at March 5, 2018Categories CHAPTER XIV - Procedure for assessment Income-tax Act 1961Section – 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 […]
March 5, 2018Published by Law@HostBooks at March 5, 2018Categories CHAPTER XIV - Procedure for assessment Income-tax Act 1961Section – 149 : Time limit for notice149. (1) No notice under section 148 shall be issued for the relevant assessment year,— […]
March 5, 2018Published by Law@HostBooks at March 5, 2018Categories CHAPTER XIV - Procedure for assessment Income-tax Act 1961Section – 148 : Issue of notice where income has escaped assessment148. (1) Before making the assessment, reassessment or recomputa- tion under section 147, the Assessing […]
March 5, 2018Published by Law@HostBooks at March 5, 2018Categories CHAPTER XIV - Procedure for assessment Income-tax Act 1961Section – 147 : Income escaping assessment147. If the Assessing Officer has reason to believe that any income chargeable to tax […]
March 5, 2018Published by Law@HostBooks at March 5, 2018Categories CHAPTER XIV - Procedure for assessment Income-tax Act 1961Section – 146 : Reopening of assessment at the instance of the assessee146. [Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.]
March 5, 2018Published by Law@HostBooks at March 5, 2018Categories CHAPTER XIV - Procedure for assessment Income-tax Act 1961Section – 145A : Method of accounting in certain cases145A. Notwithstanding anything to the contrary contained in section 145,— (a) the valuation of purchase […]
March 5, 2018Published by Law@HostBooks at March 5, 2018Categories CHAPTER XIV - Procedure for assessment Income-tax Act 1961Section – 145 : Method of accounting145. (1) Income chargeable under the head “Profits and gains of business or profession” or […]
March 5, 2018Published by Law@HostBooks at March 5, 2018Categories CHAPTER XIV - Procedure for assessment Income-tax Act 1961Section – 144C : Reference to dispute resolution panel144C. (1) The Assessing Officer shall, notwithstanding anything to the contrary contained in this Act, […]