Section - 158B, Income-tax Act, 1961 CHAPTER XIV-B* SPECIAL PROCEDURE FOR ASSESSMENT OF SEARCH CASES Definitions. 158B. In this Chapter, unless the context otherwise requires,— (a) "block period" means the period comprising previous years relevant to six assessment years preceding the previous year in which the search was conducted under section 132 or any requisition was made under section…...
40[Procedure where an identical question of law is pending before High Courts or Supreme Court. Section – 158AB, Income-tax Act, 1961
Section - 158AB, Income-tax Act, 1961 40[Procedure where an identical question of law is pending before High Courts or Supreme Court. 158AB. (1) Notwithstanding anything contained in this Act, where the collegium is of the opinion that— (a) any question of law arising in the case of an assessee for any assessment year (such case being…...
Procedure when in an appeal by revenue an identical question of law is pending before Supreme Court. Section – 158AA, Income-tax Act, 1961
Section - 158AA, Income-tax Act, 1961 Procedure when in an appeal by revenue an identical question of law is pending before Supreme Court. 158AA. (1) Notwithstanding anything contained in this Act, where the Commissioner or Principal Commissioner is of the opinion that any question of law arising in the case of an assessee for any assessment…...
Procedure when assessee claims identical question of law is pending before High Court or Supreme Court. Section – 158A, Income-tax Act, 1961
Section - 158A, Income-tax Act, 1961 CHAPTER XIV-A SPECIAL PROVISION FOR AVOIDING REPETITIVE APPEALS Procedure when assessee claims identical question of law is pending before High Court or Supreme Court. 158A. 39(1) Notwithstanding anything contained in this Act, where an assessee claims that any question of law arising in his case for an assessment year which…...
Intimation of assessment of firm. Section – 158, Income-tax Act, 1961
Section - 158, Income-tax Act, 1961 Intimation of assessment of firm. 158. Whenever, in respect of the assessment year commencing on the 1st day of April, 1992, or any earlier assessment year, a registered firm is assessed, or an unregistered firm is assessed under the provisions of clause (b) of section 183, the Assessing Officer shall notify…...
38[Faceless rectification, amendments and issuance of notice or intimation. Section – 157A, Income-tax Act, 1961
Section - 157A, Income-tax Act, 1961 38[Faceless rectification, amendments and issuance of notice or intimation. 157A. (1) The Central Government may make a scheme, by notification in the Official Gazette, for the purposes of rectification of any mistake apparent from record under section 154 or other amendments under section 155 or issue of notice of demand under section 156, or intimation…...
Intimation of loss. Section – 157, Income-tax Act, 1961
Section - 157, Income-tax Act, 1961 Intimation of loss. 157. When, in the course of the assessment of the total income of any assessee, it is established that a loss has taken place which the assessee is entitled to have carried forward and set off under the provisions of sub-section (1) of section 72, sub-section (2) of section…...
37[Modification and revision of notice in certain cases. Section – 156A, Income-tax Act, 1961
Section - 156A, Income-tax Act, 1961 37[Modification and revision of notice in certain cases. 156A. (1) Where any tax, interest, penalty, fine or any other sum in respect of which a notice of demand has been issued under section 156, is reduced as a result of an order of the Adjudicating Authority as defined in clause (1)…...
Notice of demand34. Section – 156, Income-tax Act, 1961
Section - 156, Income-tax Act, 1961 Notice of demand34. 156. 34a When any tax, interest, penalty, fine or any other sum is payable in consequence of any order passed under this Act, the Assessing Officer shall serve upon the assessee a notice of demand in the prescribed form35 specifying the sum so payable : Provided that where any…...
Other amendments. Section – 155, Income-tax Act, 1961
Section - 155, Income-tax Act, 1961 Other amendments. 155. (1) Where, in respect of any completed assessment of a partner in a firm for the assessment year commencing on the 1st day of April, 1992, or any earlier assessment year, it is found— (a) on the assessment or reassessment of the firm, or (b) on any…...