Notice Under Section 147 – Income Escaping Assessment
Professional Reassessment Support Under the Income Tax Act
A notice under Section 147 of the Income Tax Act is issued when the Income Tax Department believes that income chargeable to tax has escaped assessment for a particular assessment year.
This is a serious proceeding. If not handled correctly, it can lead to reassessment, additional tax demand, interest, and penalties.
At N D Savla & Associates, we help taxpayers handle Section 147 proceedings with a structured legal approach—protecting your position while ensuring full compliance.
What Is Section 147 – Income Escaping Assessment?
Section 147 empowers the Assessing Officer to reassess income if there is reason to believe that taxable income was not assessed or was underreported earlier.
Reassessment proceedings may arise even after:
A return has already been filed
Assessment has been completed
Refunds have been issued
The law requires strict procedural compliance before reopening an assessment.
Common Triggers for Section 147 Notices
Section 147 proceedings are commonly initiated due to:
Information from AIS, banks, or third parties
Unreported capital gains or investments
Cash deposits or unexplained credits
Foreign income or assets not disclosed
Mismatch between return and departmental data
Information received from investigation wings
Each trigger must be evaluated on facts and legal grounds.
Why Section 147 Needs Careful Handling?
Reassessment cases involve:
Reopening of completed assessments
Scrutiny of past years
Possible retrospective tax exposure
An incorrect response can widen the scope of reassessment and weaken your defence.
Professional handling ensures:
Only relevant issues are examined
Legal rights are protected
Unnecessary additions are avoided
Our Section 147 Reassessment Services:
-Validity & Jurisdiction Review
We examine whether reopening conditions, time limits, and approvals under law are met.
-Analysis of Reasons Recorded
We assess the “reasons to believe” for legal sustainability and relevance.
-Drafting Objections & Replies
Clear, fact-backed, and legally supported responses to protect your position.
-Reassessment Return & Compliance
Preparation and filing of returns and documents as required during proceedings.
-Representation Before Tax Authorities
End-to-end handling of hearings, submissions, and follow-ups.
-Post-Assessment Support
Assistance with assessment orders, rectification, or appeals if required.
Who We Assist?
We regularly represent:
Salaried individuals and professionals
Business owners and partnership firms
Companies and startups
NRIs with Indian income
High-value and legacy reassessment cases
Why Choose N D Savla & Associates?
Experienced Chartered Accountants in reassessment matters
Strong understanding of procedural safeguards
Strategic, risk-aware approach
Clear communication and timelines
Trusted by clients across Mumbai and India
We focus on resolution—not escalation.
Act Early in Section 147 Matters.
Reassessment notices come with strict deadlines. Delay or casual responses can lead to adverse outcomes.
If you’ve received a Section 147 notice, get professional guidance before replying.
Speak to our income tax litigation team today.
