Controversies In Assessment: Income-tax Dept Publication
The Income-tax department has released a publication titled "A Step Ahead – A compilation on contentious issues in assessments". The publication is authored by top-notch senior IRS officers who have a good grasp on the theoretical and practical aspects of making an assessment. It identifies 19 important provisions in the Act which are the subject matter of most additions and disallowances and explains them thoroughly. The provisions of the Act have been explained in a simple and easy to understand manner and a reference has been made to the prevailing controversies and most of the latest important judgements. The book uses an objective approach and advises Assessing Officers on the facts that they have to focus on in order to make a sustainable assessment.
The publication provides invaluable guidance to the department officials as well to the tax professionals and taxpayers. It will also provide to be a valuable referencer of all the important judgements on the point.
Regards,
Editor,
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