The concept of escaped income plays a significant role in the reassessment procedures under income tax law. Escaped income refers to earnings that have not […]
Section 148A
Section 148A Notice and Reassessment: Everything Taxpayers Must Know
The concept of reassessment has existed since the inception of the Income-tax Act, 1961. The objective has always been to empower the Assessing Officer to […]
Section 148A Explained: Procedure Before Reassessment Under Income-Tax Law
In the past, notices under section 148 were often issued merely based on information received by the Assessing Officer from other authorities or agencies. These […]