Income Tax Bill 2025: GAAR-Based Reassessments May Extend Beyond Time Limits

Last updated: 01 March 2025

The Income Tax Bill 2025 proposes a major shift in tax reassessment rules, allowing authorities to issue notices under the General Anti Avoidance Rules (GAAR) even for tax years that have crossed the prescribed time limits. If approved, this change will empower tax officers to revisit transactions e

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