Important aspect related to Assessment - Section 152

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... income not escaped assessment (Respective year tax rate shall apply). [ Section 152(1) ] Dropping of Assessment Proceeding in certain cases Proceedings once initiated u/s 147 may be dropped by AO, If assessee satisfies him that - * Where an assessment is reopened under section 147, the assessee may claim that the proceedings under section 147 shall be dropped on his showing that he had been as .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... eptember, 2024, the provisions of sections 147 to 151 shall apply as they stood immediately before the commencement of the Finance (No. 2) Act, 2024. [ Inserted vide Finance (No. 2) Act, 2024] [Section 152(3) ] Where, in a case other than that covered under sub-section (3), a notice under section 148 has been issued or an order under clause (d) of section 148A has been passed, prior to the 1st da .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X