Table of Contents
- (1) [Section 281B(1)]- Provisional attachment of any
properly belonging to the assessee:
- (2) [Section 281B(2)]- Period of validity of
the attachment order:
- (3) [Section 281B(3)]- Assessing Officer to revoke
attachment of property if a guarantee from a scheduled bank is furnished
- (4) [Section 281B(4)]- The Valuation Officer to
estimate the fair market value of the property provisionally attached and
submit report of the estimate within 30 days if reference is made by
- (5) [Section 281B(5)]- Time period for revoking the
provisional attachment, if guarantee is provided under section 2818(3)
- (6) [Section 281B(6)]- Invocation of guarantee
- (7) [Section 281B(7)]- Invocation of guarantee on
failure to renew or furnish the new guarantee
- (8) [Section 281B (8)]- Adjustment of the demand
from the amount realized by invoking guarantee
- (9) [Section 281B(9)]- Release of the guarantee
Revision by the Principal
Commissioner or Commissioner under Income Tax Act.
Appeals & Revisions, Direct Taxes Ready Reckoner, Tax Management
Table of Contents 1. [Section 263]- Revision of orders
prejudicial to Revenue:Time limit for passing the revision order under section
263:No time limit in the…
[Section 285BA]-Obligation to
Furnish Statement of Financial Transaction or Reportable Account
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management
Section 285BA requires the furnishing of statement on account of the
following: (A) Statement of financial
transactions (B) Statement of
reportable account Table…
Service of Notice under the
Income-tax Act [Sections 282 to 284]
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management
Table of Contents 1. [Section 282(1)]- Mode of Service of
Notice or summon or requisition or order or any other communication under the
Income Tax…
Restriction on Cash Transactions
[Section 269ST and 271DA]
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management
In India, the quantum of domestic black money is huge which adversely
affects the revenue of the Government creating a resource crunch for its
various…
[Section 269T]- Mode of repayment of
certain Loans or Deposits and Specified Advance Received
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management
(a) No branch of a banking company
or a co-operative bank, and (b) No other
company or co-operative society, and (c)
No…
[Section 269SS]- Mode of taking or
accepting certain Loans, Deposits and Specified Sum
Direct Taxes Ready Reckoner, Misc. Provisions, Tax Management
No person shall take or accept from ant’ other person (herein referred
to as the depositor),— (i) any loan
or (ii) deposit or…
Appeals to Appellate Tribunal [Section
253(1) and (2)]
Appeals & Revisions, Direct Taxes Ready Reckoner, Tax Management
Table of Contents (A) [Section 253(1)]- Orders against which Appeal may
be filed by the assessee:(B) [Section 253(2)]- Principal Commissioner or
Commissioner may also direct…
First Appeal Filed by the Assessee
Appeals & Revisions, Direct Taxes Ready Reckoner, Tax Management
The first appeal against the order of Assessing Officer shall lie to the
Commissioner (Appeals) and it can be filed by the assessee only. Table…
[Section 273A]- Power to Reduce or
Waive Penalty
Direct Taxes Ready Reckoner, Penalties, Tax Management
Table of Contents (A) [Section 273A(1)]- Power to Reduce or Waive
Penalty imposed or imposable for default under Section 270 or Section
271(1)(c)Principal commissioner /…
Direct Taxes Ready Reckoner, Penalties, Tax Management
Table of Contents (1) [Section 270AA(1)]- Conditions to be fulfilled for making an application for grant of Immunity from imposition of penalty under section 270A…