AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required

Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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Amount withdrawn from special reserve - (New) Section 38(1)(e) / (Old) Section 41(4A)

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....special reserve: â€¢ Any amount withdrawal from such reserve is taxable in the year of withdrawal. Set-off of Unabsorbed Loss After Discontinuance of Business [ Section 38(3) ] â€¢ The provision applies only when the business/profession has already been discontinued. â€¢ The set-off is allowed only against income taxable under section 38(1)(e). ....

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Amount withdrawn from special reserve - (New) Section 38(1)(e) / (Old) Section 41(4A)