Assessment and Reassessment - Law, Practice and Procedure Dr. Avadhesh Ojha, FCA Manoj Gupta

Updated in wake of the Finance (No. 2) Act, 2019 and other latest developments like Circulars, Notifications, Ordinance apart from the latest available case taw. This book is relevant for all Chartered Accountants engaged in taxation work and all Income-tax Practitioners worth the name. The Government is moving towards E-assessment and it is learnt that all returns will be scrutinized and tallied with the information available with the government and notices will be sent wherever variance is detected, apart from cases which would have been scrutinized based on pre-determined risk criteria and on basis of computer selection. The government is determined to enhance the tax base and thus the work-load of, and the opportunities for, the tax professionals are going to multiply accordingly. Once the returns have been filed, the assessments must be made, whether summary or scrutiny. One and only title of its kind being "Assessment & Reassessment—Law, Practice and Procedure''. An originally written book presenting all aspects relating to assessment & reassessment under Income Tax Act, 1961 at one place. A practice oriented publication containing commentary as well as procedural aspects. Combination of two parts namely Part 1 : Assessment and Part 2 : Reassessment. Each aspect of Summary Assessment or Scrutiny Assessment or even Best Judgment Assessment dealt with in sufficient detail analyzing the available case law for reaching the logical conclusion. Special emphasis on Additions to income during assessment exhaustively presented in as many as 15 Chapters. Discussing all aspects related to Reassessment in detail like Reassessment on Change of Opinion, Full and True Disclosure, Validity of Reopening, Reopening on the Basis of Audit Objection, DVO's Report, Information from Investigation Wing, Reopening of Assessment Completed under Section 143(1) or 143(3), Notice for Reopening and Seeking Reasons for Reopening, Filing Objections to Notice, Validity of Notice, etc.