PRAGMATIC ISSUES RELATING TO REASSESSMENT PROCEEDINGS UNDER NEW REGIME
PRAGMATIC ISSUES RELATING TO REASSESSMENT PROCEEDINGS UNDER NEW REGIME
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Reassessment Proceedings have undergone a major shift from “Reason to Believe” to “Information Based Assessment” from FY 2021-22. The session will enable us to understand how tax authorities are presently initiating reassessment proceedings including related procedural aspects. It shall also cover in-depth understanding of the practical scenarios of reassessment and the rationals to deal with them.
We are privileged to inform you that seminar eminent speakers will be addressing our members at this webinar.
Key areas to be covered
- Codification of principles laid down by SC in GKN Driveshafts(India) Ltd under new regime.
- Timelines specified by TOLA’2020 do not override first proviso to S. 149(1) (Ashish Aggarwal SC & Keenara Industries (P) Ltd Gujarat HC
- Practical issues flagged in the reassessment notice and how to deal with them via submissions/appeal.
- Change in time period for issuing reassessment notice and threshold limit of income escaping.
- Procedural aspects like Notice u/s 148 to include details of the enquiry conducted and its outcome, Approval from Specified authority to issue order u/s 148A(d) / notice u/s148.
- Checklist of points to be considered when notice under section 148 is received and scenarios as when to invoke Writ Jurisdiction of High Courts
The Programme is given below for your reference:
9.45 a.m.
Registration & Tea
10.00 a.m.
Welcome Address
10.05 a.m.
Presentation by
CA Tejveer Singh, Advocate
11.20 a.m.
Tea / Coffee break
11.30 p.m.
Presentation by
Mr. Nikhil Tiwari, Partner, Tax & Regulatory Services, SRBC & Associates LLP
12.30 p.m.
Panel Discussion
Moderator :
Mr. Ravikant Kamath, Chairman, Direct Tax Committee, Bombay Chamber
CA Tejveer Singh, Advocate
Mr. Nimesh Vora, Vice President-Tax, Reliance Industries Ltd.
Mr. Nikhil Tiwari, Partner, Tax & Regulatory Services, SRBC & Associates LLP
1:00 pm
Q&A Session
01.20 p.m.
Vote of thanks
01.30 p.m.
Lunch and Networking
Participation Fee :
Member : Rs. 1000/- + 18% GST per participant
Non Member : Rs. 1250/- + 18% GST per participant
(Fees include Lunch)
| Bank Details for NEFT | |
|---|---|
| Account No. | 10996680930 |
| IFSC CODE | SBIN0000300 |
| Bank Name | State Bank of India |
| Branch Address | Mumbai Main Branch |
Cheque /Demand Draft should be drawn in favor of “BOMBAY CHAMBER OF COMMERCE AND INDUSTRY”
Additional Details
Event Fees Type - Paid Event
Event or Seminar - workshop
