Rationalization of provisions relating to assessment and reassessment under Finance Act 2021

Last updated: 01 February 2022

The Finance Act, 2021 amended the procedure for assessment or reassessment of income in the Act with effect from the 1st April, 2021. The said amendment modified, inter alia, sections 147, section 148, section 149 and also introduced a new section 148A in the Act. In cases where search is initiated

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Category Union Budget   Report

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