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Concepts · CA Final/Direct Tax Laws & International Taxation

Direct Tax Laws & International Taxation

Ch 5 · Assessment & Appeals

5 concept points · 3 formulas · 4 exam-critical points.

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Concept
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Chart Summary
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Formula Sheet
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Important Points

⭐ Important points (exam-critical)

  • ⭐Faceless assessment, faceless appeal — most assessments now under this scheme.
  • ⭐Sec 147 (post-Finance Act 2021) — incriminating material / Sec 148A enquiry mandatory.
  • ⭐Vivad se Vishwas: amnesty schemes for pending disputes — latest 2024 version active.
  • ⭐Sec 270A — penalty for under-reporting (50%) and mis-reporting (200%).

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