Income Tax : Income-tax attachments can halt business and personal finances. Relief depends on identifying the correct legal trigger and pursui...
Income Tax : The tax department has begun emailing taxpayers about pending demands shown on the portal. This explains why such demands exist an...
Income Tax : Taxpayers are facing revival of decades-old demands without prior notice or service of orders. The key takeaway is that such deman...
Income Tax : Explore the proposed scheme for resolving unresolved tax demands, easing taxpayer burdens, and improving compliance through fair, ...
Income Tax : Faceless assessments in FY 23-24 raised Rs 43 trillion in tax arrears, sparking concern over the impact on India's tax ecosystem a...
Income Tax : KSCAA Representation regarding adjustments (over and above 20% of disputed demand) by CPC despite assessments pending before first...
Income Tax : Grievances and suggestions with respect to the functioning of Demand Facilitation Center, CPC (DFC) in connection to the outstandi...
Income Tax : The Taxpayer can submit the response online to the outstanding demand by performing the below steps. 1. Go to the Income Tax e-Fil...
Income Tax : CBDT desires that all the work related to cleaning up of the tax demands and calculating the tax payable or refundable in respec...
Income Tax : Verify online notice/order issued by the Income Tax Department Now Taxpayer can verify notice/order issued by the Income Tax Depar...
Income Tax : Read the full text of the judgment from Madras High Court on G.K. Reddy's case against DCIT. Court rules pension cannot be attache...
Income Tax : Assessee had not been able to make out a prima facie case in its favour and had a ‘lot to answer’ in the appeal. Assessee's pl...
Income Tax : Delhi HC directs refund of Income Tax amount exceeding 20% of the demand. Read about the Max Life Insurance case and the decision ...
Income Tax : ITAT reversed the demand under Section 200A attributable to merely wrong mention of TAN in the TDS deposit challan...
Income Tax : Uptill AY 2016-17, if a scrutiny notice u/s 143(2) is issued, the return is not required to be processed u/s 143(1) for grant of r...
Income Tax : Instruction No. 01 of 2023 by Directorate of Income Tax (Systems), exploring implications for income tax payers and their response...
Income Tax : ADVISORY NO.: 45 Dated:- 14.07.2022 0/o PCDA(0) Pune, Public Relation office (PRO) Subject: Income Tax Demand Notice under section...
Income Tax : Corrigendum to Order under section 119 of the Income-tax Act, 1961 dated 16.10.2020 for exercising power of intrusive or coercive ...
Income Tax : The functionality of demand adjustment by AO u/s 245 can be accessed while passing assessment order, rectification order into the ...
Income Tax : As per the Central Action Plan issued for the F.Y. 2017-18, all pending appeals having tax effect of Rs. 50 crore or more are to ...
British telecom major Vodafone today contested Rs 11,000 crore tax imposed by Indian authorities on its acquisition of Hutchison, saying it has no tax liability and will continue to take actions to defend itself. Vodafone International Holdings BV
The Court has made it clear that though there are no hard and fast rules regarding grant of stay, prudence, discretion and circumspection are called for and stay should not be granted as a matter of course. Considerations about balance of convenience, question of irreparable injury and implications to public interest have to be borne in mind
The assessee filed appeals before the Commissioner (Appeals) against the assessment orders for AYs 2004-05 to 2008-09. Though the appeals were ripe for hearing and the appellate authority had already posted the appeals for hearing on different dates, the AO without considering the pendency of the appeals issued demand notices
Mumbai Income Tax authorities expect to collect Rs 2,500 crore on accounts of the ongoing Vodafone case. The collection would help the department achieve its tax collection target for this fiscal, a department press release said here today. Mumbai zone has been given a target of over Rs 1,50,000 crore for FY 11.
The government will arm income-tax officials with details about assets of individuals whose tax payments are pending, a move aimed at meeting the Rs 13,153-crore target for arrears collection this fiscal.
Stud farm owner Hassan Ali Khan tops the list of direct tax defaulters in the country. The outstanding demand against Khan as on March 31, 2009, is a whopping Rs 50,345 crore. In a written reply in the Rajya Sabha on Tuesday, minister of state for finance S S Palanimanickam gave the names of Top 100 defaulters of direct taxes worth Rs 1.41 lakh crore.
The Income Tax department is all set to move the Supreme Court for a final judgement on its tax claims of around Rs 2,000 crore (Rs 20 billion) in cases involving dividend stripping prior to 2002-03. The taxman had lost the case in the Bombay high court last year. Though the government in 2005 put […]
