Description
Taxmann Publications Law Relating To Search & Seizure with New Assessment Scheme by Raj K Agarwal and Rakesh Gupta
This book discusses and analyses various complicated and controversial legal issues surrounding search and seizure. It also aims to comprehend and address various practical aspects along with landmark judgements from various courts.
This book will help practising tax consultants, taxpayers, academicians, and tax administrators.
The Present Publication is the 7th Edition, authored by Dr. Raj K. Agarwal & Dr. Rakesh Gupta, updated by the Finance Act, 2021. The noteworthy features of this book are as follows:
[Solutions to Practical Issues] in the form of:
Frequently Asked Questions (FAQs)
The gist of Significant Landmark Judgements of various courts
Significant Checklists on various issues relating to the handling of search & assessment of search cases
[Balanced View on Controversial Issues via Landmark Judgements (updated till March 2021)] from the point of view of taxpayers & the department
[Discussion on amended Reassessment Provisions]
[Penalty Provisions; Section 115BBE/271AAB] have been analysed and discussed in more significant details
[Critical Analysis] on Income Declaration Scheme, Investment Regime for Pradhan Mantri Garib Kalyan Yojna & others
The contents of the book are as follows:
Search and Seizure – Nature of Provisions
Circumstances when Search can be Initiated
Authorisation of Search
Validity of Search – Writ Jurisdiction
Actual Conduct of Search Operations
Seizure of Books of Accounts, Documents and Assets
Restraint Order – Section 132(3) and Section 132(8A)
Recording of Statement – Section 132(4)
Presumption under Section 132(4A) & 292C
Sections 132(8)/132(10)/132(9)/132(9A) to 9(D) & 132B
Requisition under Section 132A
New Assessment or Reassessment Scheme of Search Cases as Introduced by the Finance Act, 2021
Assessment of Search Cases under Section 153A/153C
Handing of Assessment in Search Cases
Attraction of Wealth Tax in Search Cases
Penalties and Prosecution in Search Cases
Application to Settlement Commission in Search Cases
Precautions before Facing Search Action
About the author
Raj K. Agarwal
Dr. Raj K. Agarwal has been meritorious throughout his academic career. He has done M.Com, LL.B. and Ph.D. He is a Fellow member of the Institute of Chartered Accountants of India and Institute of Company Secretaries of India and an Associate Member of the Institute of Cost & Works Accountants of India. Having practised as Chartered Accountant for more than 25 years as senior partner in M/s. Rakesh Raj & Associates, presently, he is practising as an advocate at Delhi High Court. He has broad experience in handling Income Tax search cases and has poured his practical experience in the form of this well-researched book. He has been associated with the academic activities of the Institute of Chartered Accountants of India, representing various committees of the Institute and with the Institute of Company Secretaries of India representing its Northern India Regional Council as Chairman in the year 2003. He has been contributing articles and addressing various seminars on topics relating to income-tax, accounting and auditing.
Rakesh Gupta
Dr. Rakesh Gupta is a law graduate and Fellow Member of the Institute of Chartered Accountants of India and Institute of Company Secretaries of India and an Associate Member of the Institute of Cost & Works Accountants of India. He has done Ph.D. He was awarded the gold medal in LL.B. examination by the University. He and Dr. Raj started practising as a chartered accountant in the year 1984 in the firm M/s. Rakesh Raj & Associates. He was selected as a Member of the Income Tax Appellate Tribunal in the year 2000. Afterwards, he resigned from the service and started practising as an advocate as a senior partner of M/s. RRA TaxIndia at Delhi representing income-tax cases before various High Courts and before the Supreme Court of India. He is a prolific speaker and has been contributing to the profession by addressing various seminars regularly on legal and practical topics relating to Income Tax. He has contributed articles in various professional magazines, writing columns in newspapers and making appearances at T.V. channels.