This document is the official text of The Taxation Laws (Amendment) Act, 2021, published in The Gazette of India. It details amendments made to the Income-tax Act, 1961, and the Finance Act, 2012. Key provisions include conditions under which certain assessments or reassessments related to income from asset transfers made before May 2012 may be deemed never to have been made. This is essential reading for legal professionals, tax consultants, and businesses dealing with retrospective tax amendments.