PROCEDURE FOR ASSESSMENT - Income Tax Bill, 2025

Chapter: XVI
PROCEDURE FOR ASSESSMENT
Part: A
Procedure for assessment
Clause 268	:	Inquiry before assessment. Clause 268 of the Bill seeks to provide for inquiry before assessment, to call for statement of all assets and liabilities an....
Clause 269	:	Estimation of value of assets by Valuation Officer. Clause 269 of the Bill seeks to provide for making a reference by Assessing Officer to a Valuation Officer to estimate the fa....
Clause 270	:	Assessment. Clause 270 of the Bill seeks to provide for processing of returns filed and the powers to make prima facie adjustments and al....
Clause 271	:	Best judgment assessment. Clause 271 of the Bill seeks to provide for completion of assessment to the best of judgment of the assessing officer.....
Clause 272	:	Power of Joint Commissioner to issue directions in certain cases. Clause 272 of the Bill empowers the Joint Commissioner to issue directions to the assessing officer during assessment proceed....
Clause 273	:	Faceless Assessment. Clause 273 of the Bill seeks to provide for faceless assessment of eligible cases assigned by National Faceless Assessment Ce....
Clause 274	:	Reference to Principal Commissioner or Commissioner in certain cases. Clause 274 of the Bill seeks to provide for making a reference by Assessing Officer to the Principal Commissioner or Commissi....
Clause 275	:	Reference to Dispute Resolution Panel. Clause 275 of the Bill provides for scheme for reference to the Dispute Resolution Panel.....
Clause 276	:	Method of accounting. Clause 276 of the Bill seeks to provide for method of accounting to be followed for computation of income under the heads Pro....
Clause 277	:	Method of accounting in certain cases. Clause 277 of the Bill seeks to provide for valuation of inventory and securities as per income computation and disclosure st....
Clause 278	:	Taxability of certain income. Clause 278 of the Bill seeks to provide for taxability of interest, compensation or enhanced compensation and escalation clai....
Clause 279	:	Income escaping assessment. Clause 279 of the Bill seeks to provide for assessment of any income chargeable to tax which has escaped assessment.....
Clause 280	:	Issue of notice. Clause 280 of the Bill seeks to provide for issue of notice where income has escaped assessment.....
Clause 281	:	Procedure before issuance of notice under section 280. Clause 281 of the Bill seeks to provide for procedure to be followed before issuance of notice under clause 280.....
Clause 282	:	Time limit for notices under sections 280 and 281. Clause 282 of the Bill provides for time limit for notices in the cases of income escaping assessment.....
Clause 283	:	Provision for cases where assessment is in pursuance of an order on appeal, etc. Clause 283 of the Bill seeks to provide provision for cases where assessment is in pursuance of an order on appeal, direction....
Clause 284	:	Sanction for issue of notice. Clause 284 of the Bill provides for sanction for issue of notice in cases of income escaping assessment.....
Clause 285	:	Other provisions. Clause 285 of the Bill provides for other provisions pertaining to assessment or re-assessment or re-computation made.....
Clause 286	:	Time limit for completion of assessment, reassessment and recomputation. Clause 286 of the Bill provides for time limits for completion of assessment, re-assessment and re-computation in various sit....
Clause 287	:	Rectification of mistake. Clause 287 of the Bill provides for rectifying any mistake apparent on the face of the record by amending orders passed by an....
Clause 288	:	Other amendments. Clause 288 of the Bill provides for time limits for passing of rectification orders in certain cases.....
Clause 289	:	Notice of demand. Clause 289 of the Bill provides for notice of demand payable (tax, interest, penalty, fine or any other sum).....
Clause 290	:	Modification and revision of notice in certain cases. Clause 290 of the Bill provides for modification and revision of demand notice issued in certain cases.....
Clause 291	:	Intimation of loss. Clause 291 of the Bill seeks to provide for intimation of loss the purposes of carrying forward and set-off of such losses.....
Part: B
Special procedure for assessment of search cases
Clause 292	:	Assessment of income pertaining to the block period. Clause 292 of the Bill provides for scheme of block assessment in a search case.....
Clause 293	:	Computation of total income of block period. Clause 293 of the Bill provides for computation of total income of block period in search cases.....
Clause 294	:	Procedure for block assessment. Clause 294 of the Bill seeks to provide procedure for block assessment.....
Clause 295	:	Undisclosed income of any other person. Clause 295 of the Bill seeks to provide for procedure for block assessment of any other person in search cases.....
Clause 296	:	Time-limit for completion of block assessment. Clause 296 of the Bill seeks to provide time limit for completion of block assessment.....
Clause 297	:	Certain interests and penalties not to be levied or imposed. Clause 297 of the Bill seeks to provide that certain interests and penalties not to be imposed in case of assessment of searc....
Clause 298	:	Levy of interest and penalty in certain cases. Clause 298 of the Bill seeks to provide for levy of interest and penalty in search cases.....
Clause 299	:	Authority competent to make assessment of block period. Clause 299 of the Bill seeks to provide authorities competent to make assessments of block period.....
Clause 300	:	Application of other provisions of Act. Clause 300 of the Bill provides for saving clause with respect to application of other provisions of the Act.....
Clause 301	:	Interpretation. Clause 301 of the Bill provides for interpretation of various expressions related to assessment of search cases.....