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August 29, 2017

Assesment

WHAT IS ASSESSMENT ?
  • Procedure for determining tax liability and recovery of tax
  • Section 2(8): “Assessment” includes reassessment.
  • “Assessment” is wide enough to include all types of assessments including penalty proceedings.
  • Quasi-judicial proceedings
  • Which Law Applicable–Issue of notice
  • Sufficient opportunity of being heard
  • Speaking order
  • Rule of Evidence
TYPES OF ASSESSMENT :
  • Inquiry before Assessment Section 142(1)
  • Summary Assessment Section 143(1)
  • Scrutiny Assessment Section 143(3)
  • Best Judgment Assessment Section 144
  • Reassessment Section 147
  • Search Assessment Section 153A
  • Others not as per Act, Evolved per convention

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