Income Tax Reassessment in India: Section 280 under the Income-tax Act, 2025 and Legacy Transition
Income tax reassessment can expose taxpayers to additional tax demands, interest, penalties and prolonged litigation. However, the applicable law depends on the tax period and the transitional provisions. The Income-tax Act, 2025 introduced a new reassessment framework from 1 April 2026. Under this framework, Sections 279–286 govern reassessment and related procedures. Section 280 addresses the
