Transitional provisions for reassessment: pre-amendment rules govern cases with prior searches, surveys, notices or orders. Transitional rules preserve the pre-amendment reassessment framework for two categories: (a) searches, requisitions or surveys initiated between 1 April ... Summary
Transitional provisions for reassessment: pre-amendment rules govern cases with prior searches, surveys, notices or orders.
Transitional rules preserve the pre-amendment reassessment framework for two categories: (a) searches, requisitions or surveys initiated between 1 April 2021 and 1 September 2024, and (b) reassessment notices or equivalent orders issued before 1 September 2024; in both categories, assessment, reassessment and recomputation are governed by the provisions as they stood immediately before the commencement of the Finance (No. 2) Act, 2024.
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