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 »
Section 285 Income Tax Act 2025 Other provisions. 285. (1) In an assessment, reassessment or recomputation made under section 279, the tax shall be chargeable at the rate or rates at which it would have been charged had the income not escaped assessment. (2) The proceedings initiated under section 279 shall be dropped on a claim made by… Read More »
Section 284 Income Tax Act 2025 Sanction for issue of notice. 284. The specified authority for the purposes of sections 280 and 281 shall be the Additional Commissioner or the Additional Director or the Joint Commissioner or the Joint Director.
Section 283 Income Tax Act 2025 Provision for cases where assessment is in pursuance of an order on appeal, etc. 283. (1) Irrespective of anything contained in section 282, the notice under section 280 may be issued at any time for the purpose of making an assessment or reassessment or recomputation in consequence of or to give effect to—… Read More »
Section 282 Income Tax Act 2025 Time limit for notices under sections 280 and 281. 282. (1) No notice under section 280 shall be issued for the relevant tax year,— (a) if four years and three months have elapsed from the end of the relevant tax year, unless the case falls under clause (b); (b) if four years and three… Read More »
Section 281 Income Tax Act 2025 Procedure before issuance of notice under section 280. 281. (1) Where the Assessing Officer has information which suggests that income chargeable to tax has escaped assessment in the case of an assessee for the relevant tax year, he shall, before issuing any notice under section 280 provide an opportunity of being heard… Read More »
RULE 92 INCOME-TAX RULES 2026 Safe harbour rules for international transactions not to apply in certain cases. 92. Nothing contained in rule 86, 87, 88, 89, 90 or 91 shall apply in respect of eligible international transactions entered into with an associated enterprise located in any country or territory notified under section 176, or in a… Read More »