Assessment and Appeals are integral to the Indian Income Tax Act, 1961, involving computation and verification of taxable income by tax authorities. Appeals allow taxpayers to contest assessment orders before higher judicial forums for grievance redressal.
Meaning and Applicability
Assessment and Appeals Process in Indian Income Tax Law
Assessment and appeals constitute crucial components of the Indian Income Tax Act, 1961, governing the determination and resolution of tax liabilities. Assessment involves the computation and verification of taxable income, deductions, and tax liabilities by the tax authorities. Appeals, on the other hand, provide taxpayers with a mechanism to challenge the assessment orders issued by tax authorities before higher judicial forums for redressal of grievances and rectification of any errors or discrepancies.
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Our Methodology
Our methodology involves comprehensive understanding, meticulous preparation, strategic representation, appellate advocacy, resolution, compliance, and continuous support in navigating Indian Income Tax Act provisions for our clients.
