Income Tax Assessmemts & Appeals

Income Tax Assessment & Appeals Services – Expert Representation, Hassle-Free Resolution

Simplify Tax Assessments and Resolve Disputes with Expert Guidance - Facing an income tax assessment or need to file an appeal ? Our specialized team ensures smooth handling of tax assessments, scrutiny cases, and appeals, so you can focus on your priorities without stress.

Why Choose Our Assessment & Appeals Services ?

• Comprehensive Support for Tax Assessments
  • Expert handling of income tax scrutiny, reassessments, and notices.
  • Proper representation before the Assessing Officer (AO).
  • Preparation and submission of required documentation and explanations.
  • Professional Assistance in Appeals
    • Filing appeals to the Commissioner of Income Tax (Appeals) [CIT(A)].
    • Representation at appellate tribunals for unresolved disputes.
    • Crafting strong arguments and submissions to protect your interests.

  Specialized Expertise in Complex Cases

  • Share market trading disputes (F&O, intraday, and capital gains).
  • Business and professional income-related assessments.
  • Handling cases involving penalties, disallowances, or reassessments.

  How We Help You

  • Step 1: Case Review & Strategy Development - Analyze your case, gather required documents, and identify legal remedies.
  • Step 2: Representation During Assessment - Liaise with the tax department on your behalf for smooth resolution.
  • Step 3: Filing Appeals - Draft and file appeals with CIT(A), ITAT, or higher authorities as needed.
  • Step 4: End-to-End Support - Monitor progress and provide updates at every stage until resolution.

  Key Benefits of Our Services

  • Expert Representation: Experienced professionals handle all proceedings.
  • Timely Compliance: Avoid penalties by meeting deadlines effectively.
  • Error-Free Documentation: Ensure accurate and comprehensive submissions.
  • Peace of Mind: Let us handle the complexities while you focus on your goals.

  Who Should Avail These Services ?

  • Individuals or businesses receiving income tax notices or scrutiny letters.
  • Share market traders facing assessments or disallowances on trading income.
  • Taxpayers disputing penalties or demands from the Income Tax Department.
  • Anyone filing an appeal against an unfavorable order from the AO.

  Why Work With Us ?

  • Experienced Team: Chartered Accountants and tax consultants with deep expertise.
  • Strategic Approach: Crafting strong, defensible arguments for your case.
  • Transparent Process: Clear communication at every stage of assessment or appeal.
  • Result-Oriented Service: A focus on securing favorable outcomes.

  Income Tax assessment and appeals in India are governed by the Income Tax Act, 1961. Here's a detailed guide:

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  • Income Tax Assessment: Income Tax assessment refers to the process by which the Income Tax Department verifies the accuracy of income declared, deductions claimed, and taxes paid by an assessee.
    • Types of Assessments
      • Self-Assessment (Section 140A):
        • Done by the taxpayer while filing the Income Tax Return (ITR).
        • Taxes are computed and paid based on the return before submission.
      • Summary Assessment (Section 143(1)):
        • A preliminary check by the Income Tax Department to ensure mathematical accuracy.
        • Adjustments for arithmetic errors, incorrect claims, or tax discrepancies are notified via intimation.
      • Scrutiny Assessment (Section 143(3)):
        • A detailed examination by the Assessing Officer (AO) to verify the correctness of the return.
        • Notices are issued under Section 143(2) for scrutiny purposes.
      • Best Judgment Assessment (Section 144):
        • Applied when the taxpayer fails to comply with notices or provide necessary information.
        • The AO makes an assessment based on available information.
      • Income Escaping Assessment (Reassessment) (Section 147):
        • Initiated if the AO believes that some income has escaped assessment.
        • Notices are issued under Section 148.
      • Faceless Assessment (Section 144B):
        • Introduced to eliminate physical interaction between taxpayers and officers.
        • Conducted through a digital platform for transparency and efficiency.
  • Appeals Process: If an assessee disagrees with an assessment order, they can file an appeal. The appeals process is structured in multiple levels:
    • Appeals to the Commissioner (Appeals) [CIT(A)]
      • Who Can Appeal: Any taxpayer dissatisfied with an assessment order.
      • Time Limit: Within 30 days of receiving the assessment order.
      • Process:
        • File Form 35 online.
        • Pay the required fee based on income or tax amount under dispute.
        • The CIT(A) may confirm, reduce, enhance, or annul the assessment order.
    • Appeals to the Income Tax Appellate Tribunal (ITAT)
      • Who Can Appeal: Taxpayer or Department (if dissatisfied with the CIT(A)'s order).
      • Time Limit: Within 60 days of the CIT(A)'s order.
      • Process:
        • File Form 36 with required documents.
        • Cases are heard by a two-member bench.
    • Appeals to the High Court
      • Who Can Appeal: Taxpayer or Department if substantial legal questions are involved.
      • Time Limit: Within 120 days of the ITAT's order.
      • Appeals must pertain to legal interpretations or significant issues.
    • Appeals to the Supreme Court
      • Who Can Appeal: Taxpayer or Department against High Court rulings involving significant law interpretations.
      • Requires special leave to appeal under Article 136 of the Constitution of India.
  • Rules for Filing Appeals
    • Appeals must be filed within the stipulated time.
    • Fees vary based on the amount of disputed income or tax.
    • Supporting documents (assessment orders, notices, etc.) must be submitted with the appeal.
    • Proper grounds of appeal should be specified, supported by facts and legal provisions.
  • Penalties and Interest
    • Non-compliance with assessment or appeal processes may attract penalties under various sections (e.g., 271, 271AAB).
    • Interest under Sections 234A, 234B, and 234C may also be levied for delays in tax payments.
  • Alternative Dispute Resolution Mechanisms
    • Settlement Commission (Section 245C): For taxpayers seeking to settle disputes involving complex issues.
    • Advance Rulings (Section 245Q): For non-residents or specific transactions to get clarity on tax implications.
    • Vivad se Vishwas Scheme: A one-time resolution scheme for pending disputes (as per periodic announcements by the Government).
  • Faceless Appeals
    • Implemented for enhanced transparency and reduced human interaction.
    • Appeals are processed through an electronic system under the Faceless Appeal Scheme.
  • Key Points to Remember
    • Always respond to notices on time to avoid penalties.
    • Maintain proper documentation of financial transactions, income, and deductions.
    • Consult a tax professional or lawyer for complex cases or disputes at BizFinTax.

Benefits of Income Tax Assessments & Appeals Services:

• Expert Representation – Professional handling of tax disputes and notices.
• Legal Compliance – Ensure accurate tax filings and assessments.
• Avoid Penalties – Minimize fines and incorrect tax liabilities.
• Quick Resolution – Speed up the assessment or appeal process.
• Peace of Mind – Tax professionals manage the entire process efficiently.

Documents Required for Assessments & Appeals:

• PAN Card and Aadhaar Card
• Income Tax Return (ITR) copies
• Tax demand notice (if applicable)
• Financial statements (Balance Sheet, Profit & Loss Account)
• Supporting documents for deductions and exemptions
• Any previous appeal or assessment records