Assessment

Assessment proceedings generally determine the tax liability, if any, of a person subject to the tax and revenue laws of India. In recent time, the relevant statutory provisions have expanded the scope of assessment powers, with even more serious consequences following an adverse assessment order, such as imposition of penalties, fines and even prosecution for serious contraventions. 

Tax planning, notice/summons compliance and representation before various assessment authorities is a forte of Mahesh Kumar & Co.(MKC) pan-India to ensure that jurisdiction is lawfully exercised for the purposes of assessment and any assessment order passed is lawful and correct, starting with an analysis of the notice/summons proposing to initiate assessment proceedings or seeking information for such purposes. Therefore, promptly accessing professional advice and representation is key to protect rights and interests and mitigating or avoiding the risks associated with such notices and summons and assessment proceedings in consequence thereof.