Law and Procedure of Income Tax Scrutiny Assessments

Law and Procedure of Income Tax Scrutiny Assessments As Amended by Finance Act, 2023

This edition of Law & Procedure of Income Tax Scrutiny Assessments, authored by Ram Dutt Sharma, provides a detailed and practical analysis of the scrutiny assessment process under the Income Tax Act, 1961, as amended by the Finance Act, 2023. It serves as an essential guide for professionals, corporates, and taxpayers navigating the complexities of assessment proceedings, documentation, and compliance requirements.

The book presents the statutory framework of scrutiny assessments along with step-by-step procedural guidance, departmental instructions, and relevant judicial pronouncements. It covers the rights and obligations of taxpayers, powers of the assessing authorities, and strategies for handling assessments effectively, ensuring a clear understanding of the process from initiation to conclusion.

The content covers the complete scope of scrutiny assessment provisions, including:

• Legislative background and objectives of scrutiny assessments

• Selection criteria and risk-based parameters for scrutiny cases

• Jurisdiction and powers of the Assessing Officer

• Procedures for issuing notices under Section 143(2) and Section 142(1)

• Conduct of assessment hearings and documentation requirements

• Special provisions for faceless scrutiny assessments

• Determination of income and disallowances in scrutiny cases

• Interaction with reassessment and revision proceedings

• Rights of the assessee and remedies available against adverse orders

• Landmark judicial decisions shaping the interpretation of scrutiny provisions

• Practical tips for preparing submissions and avoiding litigation

This edition is particularly suitable for:

• Chartered accountants, tax consultants, and advocates advising on assessment matters

• Corporate tax departments managing scrutiny proceedings

• Law students and academicians studying income tax procedure

• Taxpayers seeking clarity on their rights and obligations in scrutiny cases

Whether used for advisory, compliance, or litigation preparation, this updated text serves as a reliable and authoritative reference for mastering the law and procedure of income tax scrutiny assessments in India.