Advanced Accounting
Indirect Tax Laws and Practice
Accounting
CCI Learning
Critical Issues in Faceless Assessments under Income Tax Act, 1961
with CA Hari Agarwal
Course Fees:₹1000
(incl. of GST)- Faculty: CA Hari Agarwal
- Date: 8th August 2025
- Time: 4 PM - 6 PM
- Duration: 2 hours
- Mode of the live session: Webinar
- Language: English
- Validity: 3 months
1. Inquiry and Assessment Procedures
- Section 142(1): Inquiry before Assessment
- Section 142A: Estimation of Value of Assets by Valuation Officer
- Section 142B: Faceless Inquiry or Valuation
- Section 143(1): Assessment
- Section 144: Best Judgment Assessment
- Section 144A: Power of Joint Commissioner to issue directions in certain cases
- Section 144B: Faceless Assessment
- Section 144BA: Reference to Principal Commissioner or Commissioner in certain cases
- Section 144C: Reference to Dispute Resolution Panel (DRP)
2. Key Issues in Assessments
Unexplained Credits and Investments
- Section 68: Cash Credits
- Section 69: Unexplained Investments
- Section 69A: Unexplained Money, etc.
- Section 69B: Amount of Investments not fully disclosed in books of account
- Section 69C: Unexplained Expenditure, etc.
- Section 69D: Amount borrowed or repaid on hundi
- Section 115BBE: Tax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or section 69D.
Common Challenges in Assessments
- Incorrect Income Disclosure
- Mismatch between Income Declared and Form 26AS/TDS
- Disallowance of Expenses
- Fictitious/Inflated Bills or Transactions
- Non-filing or Late Filing of Returns
- Application of Wrong Tax Rates
- Disputes over Capital Gains Taxation (Valuation of Capital Assets)
- Bogus Purchases/Sales Transactions
- Share Premium Received for Unquoted Shares
- Taxability of Gifts & Unexplained Credits
- Denial of Deductions & Exemptions
- Taxation of Foreign Income
- Practical Case Studies and Resolution Mechanisms
About Faculty
CA Hari Agarwal
CA Hari Agarwal Presented more than 150 papers Mainly on “Survey,Search &Seizure”, in the seminars organized by various branches of ICAI in different states.
Contributing monthly column on “Survey, Search & Seizure Update” for more than 25 years, in the news letters published by the Hyderabad Branch of ICAI.
Authored a book titled “Tax Payers’ Practical Guide to Survey under Income Tax Act, 1961” Co- authored by Partners(Sons) CA Varun Agarwal and CA Vivek Agarwal.
Faculty on Direct Taxes for Post qualification Certificate Courses Conducted by ICAI Formerly nominated as member of Ethical Standards Board of ICAI, New Delhi.
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