https://www.taxtmi.com/acts?id=48725 Clause 281 mandates that when the Assessing Officer has information suggesting escaped assessment, he must serve a show-cause notice containing that information and permit the assessee to reply within a specified period; after considering the record and any reply, and obtaining prior approval of the specified authority, the Assessing Officer will determine whether it is a fit case to issue a tax-escape notice. The pre-notice requirement is excluded where the information arises from the notified information-sharing scheme, Approving Panel directions, or authoritative orders from tribunals, courts, or other proceedings. en-us Fri, 14 Feb 2025 11:07:47 +0530 Thu, 20 Feb 2025 14:09:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48725 Clause 281 mandates that when the Assessing Officer has information suggesting escaped assessment, he must serve a show-cause notice containing that information and permit the assessee to reply within a specified period; after considering the record and any reply, and obtaining prior approval of the specified authority, the Assessing Officer will determine whether it is a fit case to issue a tax-escape notice. The pre-notice requirement is excluded where the information arises from the notified information-sharing scheme, Approving Panel directions, or authoritative orders from tribunals, courts, or other proceedings. Act-Rules Bills Fri, 14 Feb 2025 11:07:47 +0530 https://www.taxtmi.com/acts?id=48725