The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020, commonly referred to as TOLA, was introduced to provide relief in compliance […]
Reassessment
Reopening of Assessments: A Case Law Perspective on Sections 147 and 148
The sphere of income tax assessment has undergone a labyrinthine evolution, particularly in the domain of reassessment. Section 147 of the Income-tax Act empowers the […]