What is the equivalent of Section 143(2) in the Income-tax Act, 2025?

Under the Income-tax Act, 2025, the statutory notice for scrutiny assessment is codified under Section 115 (corresponding to Section 143(2) of the Income-tax Act, 1961).

What happened to Section 148 reassessment notices in the Income-tax Act, 2025?

The issue of notice for reassessment of income escaping assessment is codified under Section 119 in the Income-tax Act, 2025 (previously Section 148 of the 1961 Act), with pre-notice inquiries codified under Section 119A (previously Section 148A).

How does TaxVahini implement dual citation across its computational modules?

TaxVahini automatically annotates all computation workpapers, penalty calculators, and draft legal submissions with both the 1961 reference and the 2025 harmonized provision, safeguarding practitioners during the multi-year transitional period.

STATUTORY MASTER CONCORDANCE & TRANSITION RESOURCE

Income-tax Act, 2025: Statutory Concordance & Transition Guide.

India's transition to the newly codified Income-tax Act, 2025 reorganizes over six decades of statutory precedents, section numbers, and procedure. Explore the official concordance map below or launch TaxVahini to generate automated dual citations across all client computations.

Open Dual-Statute Workspace View Concordance Table

Key Statutory Provisions: 1961 Act vs. 2025 Act

Essential concordance for assessments, transfer pricing, penalties, and appeals under both enactments.

Legacy IT Act, 1961	Codified IT Act, 2025	Subject Matter & Practical Litigation Notes
Section 143(2)	Section 115	Notice for Scrutiny Assessment. 3-month limitation for service from end of FY in which return filed.
Section 143(1)	Section 114	Summary Processing & Intimation of Return with automated prima facie adjustments.
Section 144	Section 116	Best Judgment Assessment upon failure to comply with statutory notices or produce books.
Section 147	Section 118	Income Escaping Assessment (Reassessment substantive assessment jurisdiction).
Section 148	Section 119	Issue of Notice for Reassessment based on information suggesting income escapement.
Section 148A	Section 119A	Mandatory inquiry, show-cause opportunity & order prior to issue of reassessment notice.
Section 92C	Section 78	Computation of Arm's Length Price (Transfer Pricing) using most appropriate method.
Section 92CA	Section 79	Reference by Assessing Officer to Transfer Pricing Officer (TPO) for valuation.
Section 95 / 96	Section 81 / 82	General Anti-Avoidance Rule (GAAR) & Impermissible Avoidance Arrangements.
Section 246A	Section 201	Appealable Orders before the Joint Commissioner (Appeals) and Commissioner (Appeals).
Section 253	Section 208	Appeals to the Income Tax Appellate Tribunal (ITAT) against appellate and revisionary orders.
Section 270A	Section 221	Penalty for under-reporting (50%) and misreporting (200%) of income.

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