New IT Act 2025 — Knowledge Bank

Income escaping assessment

Section 279 — Income escaping assessment

Old Act equivalent: Section 147 of IT Act 1961 Sub-part: C.—Income escaping assessment

Statutory Text

  1. 	(1) If, in the case of an assessee, any income chargeable to tax has escaped 
	 	 	 	 	 	assessment for any tax year (herein and in sections 280 to 286 referred

to as the relevant tax year), the Assessing Officer may, subject to the provisions of

sections 280 to 286, assess or reassess such income or recompute the loss or the depreciation allowance or any other allowance or deduction for the relevant tax year. (2) For the purposes of assessment or reassessment or recomputation under sub-sec­ tion (1), the Assessing Officer may assess or reassess the income in respect of any issue, which has escaped assessment, and such issue comes to his notice subsequently in the course of the proceedings under this section, irrespective of the fact that the provisions of section 281 have not been complied with. 58[(3) The “Assessing Officer” for the purposes of sections 280 and 281 shall mean to be an Assessing Officer other than the National Faceless Assessment Centre or any assessment unit referred to in section 273(3).] Issue of notice where income has escaped assessment.

Provisos

None.

Explanations

None.

Key Structure

  • Applies to: [Verification Pending]
  • Conditions: [Verification Pending]
  • Time limits: [Verification Pending]
  • Monetary limits: [Verification Pending]
  • Exceptions: [Verification Pending]

Cross-References

Amendment Notes

None noted from the extracted pages.

Practical Notes

  • Circular 24/2019
  • Circular 5/2020
  • Circular Instruction F.No.279/Misc/M-93/2018

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