Finance Bill’2021- Paradigm shift in the provisions relating to  Income Tax Search and Seizure Assessments and Income Tax Settlement Commission CA.Mohit Gupta https://www.taxtmi.com/article/detailed?id=9662 For searches or requisitions on or after 1 April 2021, the special search-assessment regime is replaced by the general reassessment framework: assessments proceed under income-escaping-assessment provisions covering the three immediately preceding assessment years, with extended limitation where evidentiary assets exceed a prescribed threshold; attribution of seized materials to third parties still requires specified senior approval, and pre-notice enquiry and hearing requirements apply in non-search reassessment proceedings. en-us Thu, 04 Feb 2021 08:13:38 +0530 Thu, 04 Feb 2021 08:13:38 +0530 TaxTMI RSS Generator Finance Bill’2021- Paradigm shift in the provisions relating to  Income Tax Search and Seizure Assessments and Income Tax Settlement Commission CA.Mohit Gupta https://www.taxtmi.com/article/detailed?id=9662 For searches or requisitions on or after 1 April 2021, the special search-assessment regime is replaced by the general reassessment framework: assessments proceed under income-escaping-assessment provisions covering the three immediately preceding assessment years, with extended limitation where evidentiary assets exceed a prescribed threshold; attribution of seized materials to third parties still requires specified senior approval, and pre-notice enquiry and hearing requirements apply in non-search reassessment proceedings. Articles Income Tax Thu, 04 Feb 2021 08:13:38 +0530 https://www.taxtmi.com/article/detailed?id=9662