PRAGMATIC ISSUES RELATING TO REASSESSMENT PROCEEDINGS UNDER NEW REGIME

PRAGMATIC ISSUES RELATING TO REASSESSMENT PROCEEDINGS UNDER NEW REGIME

August 10, 2023

PRAGMATIC ISSUES RELATING TO REASSESSMENT PROCEEDINGS UNDER NEW REGIME

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Introduction

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”

Contact Details :

Ms. Ganesh R.
Email : ganesh.r@bombaychamber.com
Tel : 6120 0218

Additional Details

Event Fees Type - Paid Event

Event or Seminar - workshop

 

Date And Time

August 23, 2023 10:00 AM to
August 23, 2023 01:00 PM
 
Paid Event
 
Workshop
 

Committee

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