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4. The Finance Act 2022 further amended section 148A: Conducting inquiry, providing
opportunity before issue of notice under # :
) ' * . #+ & " && . %
& " 1 & && " . & ? ( ! : !
. && " . & ? ' *
1 ' * & " & " & " .
&& 1 + % EF " . ! !
? -,+ & % ! % / & % ! .
! .
5. The Finance Act 2022 inserted new Section 148B: Prior Approval For Assessment, Reassessment Or Recomputation in certain cases:
( % 1 1 & " . ! !
!& + & + % EF 1 .
) !! / & 1 & && " . + ) !! + A
) !! A & . ! 1 ' *
' * ' * ' "* . 9/& = # &&
6. The Finance Act 2022 amended Section 149: Time limit for notice :
& " ! ! . . # . !
! !& . !
< + =$== ! ' * . ; ' * . & "
# . " ! . &
. ! . " ! + % EF
& . ! " 1 " !
% / & . ! . G
+ U
/& & . " U
) . 1 & ! !
! ?. & !
( . % 1 ; ' +* & " 1 %
% ; ' * . 1 ! % /
& . ! . /& " .
" . ' * . ; ' * . & !
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! ! & " " ! 1
& . ' * . ; ' * . #
. " ! . ! ! !&
!
( ! ? & " ; ' * . & "
# ! . " !
% % . . +& =$= . # ,-+
,-) " ! . % ! !
& ? & " . ' * . ' * . ,-+
,-) ! !! . !! ! .
< + =$=
! ! / & . ! ! ? & " ' * .
D " . ! +& =$== ! ! ? & " ' * .

D " . ! +& =$=

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Illuminating Tax Horizons
Illuminating Tax Horizons
Illuminating Tax Horizons
Illuminating Tax Horizons