Assessments pursuant to search, survey and requisition w.e.f. 01.04.2021

The Finance Act, 2021 has done away with the existing legal framework for assessments to be made in cases of search, survey and requisition. For searches initiated and surveys conducted on or after April 01, 2021 assessments shall henceforth be framed under Section 147 read with sections 148, 148A, 149, 151 of the Income Tax Act, 1961.The Finance Act, 2021 has done away with the existing legal framework for assessments to be made in cases of search, survey and requisition. For searches initiated and surveys conducted on or after April 01, 2021 assessments shall henceforth be framed under Section 147 read with sections 148, 148A, 149, 151 of the Income Tax Act, 1961.taxmann.com Latest ArticlesRead More

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