Income Tax Bill 2025: GAAR-Based Reassessments May Extend Beyond Time Limits

The Income Tax Bill 2025 may extend GAAR-based reassessments beyond time limits. This provision highlights potential changes in tax reassessment procedures. It underscores the importance of understanding GAAR implications. This move reflects the government's efforts to enhance tax compliance. It emphasizes the need for clear guidelines on reassessments. The extension aims to address tax evasion effectively.