Adequate and reasonable representation for any income-tax case before the Income-tax Authorities or litigation before any appellate authorities can be one of the most challenging times for any organization. At this stage, comprehensive representation and litigation support services are required.
In India, the Income-tax Authority may initiate the process of audit / scrutiny of the return of income by selecting the return of income filed by the person. Every person earning income in India is required to file his return of income in the prescribed format on or before the due date. The return of income may be selected by the Indian Revenue Authorities for a detailed audit or scrutiny based on the pre-determined parameters like quantum of exempt income, capital gain on sale of shares or property, rate of gross profit, deduction claimed in the return of income, amount of loans etc.
The process of audit/scrutiny of return of income starts with serving a notice on the person requiring him to furnish such details/information as may be required by the Assessing Officer in order to assessee the correct income of the person. Based on the examination of books of accounts and other relevant information, the Assessing Officer may pass the order either accepting the return of income or enhancing the income by making certain disallowances of expenditures claimed in the return of income or re-characterizing certain exempt income as taxable.
Where any person is not satisfied with the order of the Assessing Officer, such person may prefer an appeal with the Commissioner of Income-tax (Appeals) who is a quasi-judicial authority. The appeal against the order of the Commissioner of Income-tax (Appeals) lies with the Income-tax Appellate Tribunal on the question of facts. The appeal on the question of law lies with the jurisdictional High Courts and Supreme Courts.
Our team of professionals has in-depth knowledge of the tax regulations in India and has extensive experience in representing our clients at various levels of income-tax and appellate authorities.
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