Complete Guide to Reassessment u/s 148 (1st Edition)
- Year of Publication: 2021
- Edition: 1st
- ISBN: 978-93-90854-91-2
- No.of Pages: 408
The present book examines the law in relation to the reassessment right from the Income-tax Act, 1922 as well as Income-tax Act, 1961 incorporating the amendments made by Finance (No. 2) Act, 2019 in a lucid question answer manner. An attempt has been made to answer all the relevant and pertinent questions that an assessee or a professional including an advocate or even an Assessing Officer can have while dealing with an issue related to the reassessment. The book also deals with the relevance of Information Technology Act, 2000 as well as Code of Civil Procedure, 1908 which are no less important in this age of Information & Technology where the income-tax department is now shifting to the faceless assessment, electronic notices and summons as well as electronic filing. In view of greater reliance on the electronic records, the Evidence Act, 1872 has also assumed more importance. The book also assumes importance in view of the fact that in order to handle reassessment, the law which is pronounced by the Courts comes to the 8 Preface rescue of the assessee than the law which is written in the Income-tax Act, 1961 as the procedure laid down by Apex Court in GKN Driveshaft's Case (2003) 259 ITR 19 (SC) has to be followed which does not form part of the Act. The book deals with more than 600 judicial decisions of the Supreme Court and High Courts as contained in various journals.
Ramesh Patodia is a commerce graduate from St. Xavier’s College, Kolkata and a qualified Chartered Accountant in practice for over 36 years. He has been in continuous practice mainly in Corporate Consultancy and Litigations in the field of Direct & Indirect tax laws, Regulatory laws and Commercial laws. He has handled wide variety of consulting matters of large corporates and multi- national corporations in the field of mergers & acquisitions, corporate restructuring, strategizing & planning of foreign investments across sectors, domestic and international taxation.
Litigation has been his favourite area of practice and he has advised corporates and multinational corporations in the field of direct tax, indirect taxes, FERA / FEMA & FDI laws, SEBI laws, RBI laws across segments. Ramesh has travelled extensively in India and abroad in connection with his litigation practice and has represented widely before the various appellate authorities viz. CESTAT, ITAT, Appellate Tribunal for Foreign Exchange and other forums. During his long tenure of practice, Ramesh had the privilege to work and interact with legal luminaries throughout the Country in connection with various litigations across Courts in India including Supreme Court and in UK.
Ramesh is a regular speaker at various professional forums and is a regular contributor of articles in the professional publications on variety of topics He has to his credit publications namely, (a) Incentive for Power, Telecom and Infrastructure Sectors- A commentary on Section 80-IA of the Income Tax Act, 1961, (b) Complete Guide to Reassessment u/s 148 of Income-tax Act,1961, (c) The Direct Tax Vivad Se Vishwas Act, 2020. On a personal front, he is a person of benevolence and spends his personal time in assisting to the cause of society by serving underprivileged section of the society as Trustee of Shree Ranisatiji Mandir, Jhunjhunu and of Gayatri Foundation, Kolkata and actively participates in several social welfare activities too on various platforms.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
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- Year of Publication: 2021
- Edition: 1st
- ISBN: 978-93-90854-91-2
- No.of Pages: 408
The present book examines the law in relation to the reassessment right from the Income-tax Act, 1922 as well as Income-tax Act, 1961 incorporating the amendments made by Finance (No. 2) Act, 2019 in a lucid question answer manner. An attempt has been made to answer all the relevant and pertinent questions that an assessee or a professional including an advocate or even an Assessing Officer can have while dealing with an issue related to the reassessment. The book also deals with the relevance of Information Technology Act, 2000 as well as Code of Civil Procedure, 1908 which are no less important in this age of Information & Technology where the income-tax department is now shifting to the faceless assessment, electronic notices and summons as well as electronic filing. In view of greater reliance on the electronic records, the Evidence Act, 1872 has also assumed more importance. The book also assumes importance in view of the fact that in order to handle reassessment, the law which is pronounced by the Courts comes to the 8 Preface rescue of the assessee than the law which is written in the Income-tax Act, 1961 as the procedure laid down by Apex Court in GKN Driveshaft's Case (2003) 259 ITR 19 (SC) has to be followed which does not form part of the Act. The book deals with more than 600 judicial decisions of the Supreme Court and High Courts as contained in various journals.
Ramesh Patodia is a commerce graduate from St. Xavier’s College, Kolkata and a qualified Chartered Accountant in practice for over 36 years. He has been in continuous practice mainly in Corporate Consultancy and Litigations in the field of Direct & Indirect tax laws, Regulatory laws and Commercial laws. He has handled wide variety of consulting matters of large corporates and multi- national corporations in the field of mergers & acquisitions, corporate restructuring, strategizing & planning of foreign investments across sectors, domestic and international taxation.
Litigation has been his favourite area of practice and he has advised corporates and multinational corporations in the field of direct tax, indirect taxes, FERA / FEMA & FDI laws, SEBI laws, RBI laws across segments. Ramesh has travelled extensively in India and abroad in connection with his litigation practice and has represented widely before the various appellate authorities viz. CESTAT, ITAT, Appellate Tribunal for Foreign Exchange and other forums. During his long tenure of practice, Ramesh had the privilege to work and interact with legal luminaries throughout the Country in connection with various litigations across Courts in India including Supreme Court and in UK.
Ramesh is a regular speaker at various professional forums and is a regular contributor of articles in the professional publications on variety of topics He has to his credit publications namely, (a) Incentive for Power, Telecom and Infrastructure Sectors- A commentary on Section 80-IA of the Income Tax Act, 1961, (b) Complete Guide to Reassessment u/s 148 of Income-tax Act,1961, (c) The Direct Tax Vivad Se Vishwas Act, 2020. On a personal front, he is a person of benevolence and spends his personal time in assisting to the cause of society by serving underprivileged section of the society as Trustee of Shree Ranisatiji Mandir, Jhunjhunu and of Gayatri Foundation, Kolkata and actively participates in several social welfare activities too on various platforms.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
