Important Tax Assessment s under Income-tax Act
- M.R.Ambekar , ( CEO Tax Mate Pune )
- Sep 27, 2022
- 1 min read
Tax Assessment s under Income-tax Act : Assessment under section 143(1), Summary assessment without calling the assessee. Intimation for mistakes or errors & miss claims Assessment under section 143(3), i.e., Scrutiny assessment. Section 144, i.e., Best judgment assessment. Assessment under section 147, i.e., Income escaping assessment.
section 153, the AO shall make an order of assessment or reassessment Order us153 is passes in proceedings us 131,133 (discovery, and inspection)
Section - 133 Power to call for information
Section - 133A Power of survey
Section - 133B Power to collect certain information
Section - 133C Power to call for information by prescribed income-tax authority 153A -Assessment in case of search or requisition.
153-Assessment of income of any other person.
Appeals to the Appellate Tribunal.253
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