Taxmann’s Law Relating to Reassessment

Taxmann’s Law Relating to Reassessment – 5th Edition 2025 is a comprehensive and authoritative treatise on the law and procedure surrounding the reassessment of income under the Indian Income Tax Act. With the rise in reassessment notices and litigation in recent years, particularly under Sections 147 to 151, this book serves as an essential legal toolkit for tax professionals and litigators.

Updated as per the Finance Act, 2025, this edition offers deep insights into the revamped reassessment regime, covering all significant changes, including timelines, procedural safeguards, limitation periods, approvals, and the expanded powers of the Assessing Officer. The book captures a balanced view of departmental practices and judicial interpretation, making it ideal for both advisory and representational purposes.

Rich with case law analysis, FAQs, and flowcharts, the book enables a practical understanding of complex reassessment scenarios. It addresses issues such as validity of notices, recording of reasons, disposal of objections, and jurisdictional defects—topics that have seen significant litigation in recent years.

Key Features:

• 📘 In-Depth Analysis of Sections 147 to 151 – Covers legislative history, scope, and key judicial rulings on reassessment.

• ⚖️ Finance Act 2025 Ready – Incorporates the latest amendments impacting reassessment timelines, conditions, and limits of authority.

• 📚 Case Law Driven Commentary – Explains principles laid down by the Supreme Court, High Courts, and ITAT with practical illustrations.

• 🧾 Procedural Flowcharts & Tables – Visual aids to simplify understanding of reassessment notices, approval processes, and deadlines.

• 📋 Discussion on Jurisdictional Challenges – Insight into common grounds of litigation in reassessment cases and how to handle them.

• 📌 Strategic Guidance – Advises on practical approaches to compliance, representation, and drafting of replies to reassessment notices.

• 🧠 FAQs & Practice Notes – Helps practitioners prepare for real-world situations with frequently asked questions and expert insights.

• 📑 Cross-Referenced with CBDT Circulars – Includes latest departmental instructions and circulars relevant to reassessment.

Why This Book is Essential:

• ✅ Most Trusted Guide on Reassessment – Used by tax professionals, lawyers, and corporates to navigate one of the most contested areas of income tax law.

• 🧾 Litigation-Focused Commentary – Practical guide for professionals representing clients in reassessment proceedings and appeals.

• 🧩 Updated with Practical Implications – Explains the impact of new timelines, penalties, and procedural reforms brought by recent amendments.

• 📖 Well-Suited for Multiple Audiences – Ideal for chartered accountants, tax advocates, CFOs, consultants, and advanced students of taxation.

• 💼 Essential for Representation & Compliance – Helps taxpayers and professionals deal with show cause notices, reply drafting, and document submission effectively.