Section 295 Income Tax Act 2025 Undisclosed income of any other person. 295. (1) Where the Assessing Officer is satisfied that any undisclosed income belongs to or pertains to or relates to any person (herein referred to as the other person), other than the person (herein referred to as the specified person) with respect to whom search… Read More »
Section 294 Income Tax Act 2025 Procedure for block assessment. 294. (1) Where any search has been initiated or requisition is made in the case of any person, then,— (a) the Assessing Officer shall, in respect of such search or requisition, issue a notice to such person, requiring him to furnish within a period specified in… Read More »
Section 293 Income Tax Act 2025 Computation of total undisclosed income of block period. 293. (1) The total undisclosed income of the block period referred to in section 292(1) shall be the aggregate of the following:— (a) undisclosed income declared in the return furnished under section 294; (b) undisclosed income determined by the Assessing Officer under sub-section (4). (2)… Read More »
Section 292 Income Tax Act 2025 B. — Special procedure for assessment of search cases Assessment of total undisclosed income as a result of search. 292. (1) Irrespective of any other provision of this Act, where on or after the commencement of this Act, in the case of any person, a search is initiated or requisition is made,… Read More »
Section 291 Income Tax Act 2025 Intimation of loss. 291. The Assessing Officer shall notify to the assessee by an order in writing the amount of the loss as computed by him for the purposes of section 111(1) or Section 112 or 113(2) or 115(1), where— (a) in the course of the assessment of the total income of any assessee, it is… Read More »
Section 290 Income Tax Act 2025 Modification and revision of notice in certain cases. 290. (1) Where,— (a) any tax, interest, penalty, fine or any other sum in respect of which a notice of demand has been issued earlier under section 289; and (b) such tax, interest, penalty, fine or any other sum is reduced as a… Read More »
Section 289 Income Tax Act 2025 Notice of demand. 289. (1) 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 such form, as may be prescribed, specifying the sum so payable.… Read More »
Section 288 Income Tax Act 2025 Other amendments. 288. (1) The Assessing Officer, may carry out such actions as are specified in column B of the Table below for reasons mentioned therein, subject to the conditions as specified in column C, within four years referred to in section 287(8) which shall be reckoned from the time as… Read More »
Section 287 Income Tax Act 2025 Rectification of mistake. 287. (1) An income-tax authority referred to in section 236, for rectifying any mistake apparent from the record, may amend any— (a) order passed by it under the provisions of this Act; (b) intimation or deemed intimation under section 270(1); (c) intimation under section 399. (2) Irrespective of anything… Read More »
Section 286 Income Tax Act 2025 Time limit for completion of assessment, reassessment and recomputation. 286. (1) No order in respect of proceedings mentioned in column B of the Table below shall be made after expiry of the period specified in the corresponding entry in column D of the said Table and such period shall… Read More »