Section 148 in The Income Tax Act, 1961 [Entire Act]
Issue of notice where income has escaped assessment.
Before making the assessment, reassessment or recomputation under section 147, and subject to the provisions of section
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1 - 10 of 80761 (6.36 seconds)Section 147 in The Income Tax Act, 1961 [Entire Act]
subject to the provisions of sections 148 to 153, assess or reassess such income or recompute the loss or the depreciation allowance or any other ... relevant assessment year). Explanation.—For the purposes of assessment or reassessment or recomputation under this section, the Assessing Officer may assess or reassess the income
Section 2 in The Income Tax Act, 1961 [Entire Act]
assigned to, an Assessing Officer under this Act ; (8) "assessment" includes reassessment ; (9) "assessment year" means the period of twelve months commencing
Section 139 in The Income Tax Act, 1961 [Entire Act]
relevant assessment year; or (b) any proceeding for assessment or reassessment or recomputation or revision of income under this Act is pending or has been
Section 132 in The Income Tax Act, 1961 [Entire Act]
exceeding thirty days from the date of the [order of assessment or reassessment or recomputation under sub-section (3) of section 143 or section
Section 14A in The Income Tax Act, 1961 [Entire Act]
nothing contained in this section shall empower the Assessing Officer either to reassess under section 147 or pass an order enhancing the assessment or reducing
Section 153A in The Income Tax Act, 1961 [Entire Act]
return required to be furnished under section 139; (b) assess or reassess the total income of six assessment years immediately preceding the assessment year relevant ... assessment year or years : Provided that the Assessing Officer shall assess or reassess the total income in respect of each assessment year falling within such
Section 153 in The Income Tax Act, 1961 [Entire Act]
Income Tax Act, 1961
153. Time limit for completion of assessment, reassessment and recomputation.
(1) No order of assessment shall be made under section ... year in which such return was furnished.] (2) No order of assessment, reassessment or recomputation shall be made under section 147 after the expiry
Section 271 in The Income Tax Act, 1961 [Entire Act]
income or loss of an assessee in any order of assessment or reassessment and the said order contains a direction for initiation of penalty proceedings ... clause (c) of sub-section (1), such an order of assessment or reassessment shall be deemed to constitute satisfaction of the Assessing Officer for initiation
Section 234B in The Income Tax Act, 1961 [Entire Act]
reduced accordingly.] (3) [ Where, as a result of an order of reassessment or recomputation under section 147 or section 153A, the amount on which interest ... next following such financial year and ending on the date of the reassessment or recomputation under section 147 or section 153A, on the amount