Law Relating To Assessment in Search Cases 2020, By G.C Das, K. Chandrahas

Law Relating To Assessment in Search Cases

The focus of the book is on assessment in search and seizure cases. Important concepts and principles, which are relevant not only for search cases but also in dealing with regular assessments, have also been put together in this book. This book also deals with the assumption of jurisdiction, retrospective legislation and judicial precedents.

The revised edition of this book incorporates a new chapter on ‘Digital Evidence’ in recognition of growing importance of the subject. The Present Publication, authored by G.C. Das and K. Chandrahas, is the Second Edition, as amended by the Finance Act, 2020 and the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020. The features of this book are as follows:

• Provides a complete journey of the assessment proceedings starting from the issue of warrant till levy of penalty
• Complete description of assessment provisions with the help of supporting judicial pronouncements
• Comprehensive digest of all Case Laws relating to search and seizure
• Subject index to quickly find out the relevant Case Law
• Contents of this book are as follows:
  • Warrant of Search – Relevance in Assessment Proceedings
  • Section 153A – An Overview
  • Initiation of Proceedings u/s 153A – Jurisdiction Issues
  • Procedure of Assessment u/s 153A
  • New Claim of Deduction in Proceedings u/s 153A
  • Use of Incriminating Evidence
  • Assessment of Income of ‘Other Persons’ – Section 153C
  • Time Limits for Completing Search Assessments – Section 153B
  • Application and Release of Seized Assets – Section 132B
  • Section 115BBE – An Analysis
  • Seizure of Jewellery – Board’s Instructions and Other Issues
  • Computation of Undisclosed Income Under Sections 153A & 153C – Miscellaneous Issues
  • Statutory Presumptions – Section 132(4A) & Section 292C
  • Notings on Loose Papers – Evidentiary Value
  • Admission
  • Retraction
  • Examination and Cross-Examination of Witness
  • Principles of Natural Justice
  • Concealment Penalties – Then and Now at a Glance
  • Penalty under Section 271AAA
  • Penalty under Section 271AAB
  • Penalty under Section 271AAC
  • Penalty in Search Cases – Explanation 5A to Section 271(1)(c)
  • Penalty for Under-Reporting & Misreporting of Income – Section 270A
  • Recording of Satisfaction in Penalty Proceedings
  • Immunity from Penalty & Prosecution – Section 270AA
  • Prosecution under Section 276C
  • Extrapolation of Sales
  • Suppression of Sales – Application of Section 145
  • Bogus Purchases
  • Stock Verification – Different Aspects
  • Peak Theory
  • Telescoping
  • On-Money Transaction
  • Share Application Money and Section 68
  • Penny Stock Transactions
  • Human Probability Theory
  • Real Income Theory
  • Mutuality Principle
  • Piercing Corporate Veil
  • Prospective and Retrospective Legislation
  • Doctrine of Promissory Estoppel
  • Doctrine of Legitimate Expectation
  • Legal Fiction
  • Assumption of Jurisdiction
  • Legal Precedent
  • Digital Evidence