The Tribunal invalidated reassessment proceedings since the Section 148 notice was issued after 01.04.2021, making it time-barred. The ruling reinforces strict limitation compliance for reopening cases.
Investigations reportedly linked POS transaction records with GST and Income-tax filings to detect discrepancies. The episode shows how cloud data and analytics can flag possible under-reported sales.
कर अधिकारियों ने POS डेटा, GST विवरण और आयकर रिटर्न में अंतर पाया। Saksham Nudge पहल के तहत रेस्तरां को धारा 139(8A) के तहत Updated Return दाखिल कर विसंगतियां सुधारने का अवसर दिया गया।
Income-tax e-Filing portal now requires extensive, non-notified information for Form 35 appeals, raising legal questions about platform’s authority to modify a prescribed form.
ITAT Jabalpur restores Nagar Panchayat’s reassessment case, directing AO to verify exemption claim under Section 10(20) for cash deposits from statutory functions.
The ITAT Indore accepts peak credit theory in Kamal Chand Sisodiya Vs ITO, stating past savings can explain cash deposits, limiting unexplained income.
Learn the distinction between annul and set aside in legal contexts, including judicial interpretations and practical implications in income tax cases.
ITAT Indore dismisses revenue appeals in ITO Vs. M.P. Police Sakh Sahakari Sanstha Maryadit due to low tax effect, citing CBDT Circular No. 5/2024 eliminating audit objections.
Can penalty under Section 271(1)(c) be imposed if self-assessment tax was paid before notice u/s 148? Read the detailed analysis of Smt. Kavita Sachdev Vs ITO (ITAT Indore).
Delhi High Court quashes 148 notices for AY 2016-17 & 2017-18, setting precedent against retrospective tax assessments under Rs 50L; protects taxpayers’ rights.
