Income Tax : Tax authorities initiated scrutiny and proposed addition solely because share acquisition details were not properly disclosed in t...
Income Tax : Tax authorities may examine large or unusual digital transactions that don’t match declared income. Proper documentation and acc...
Income Tax : Understand the meaning of a 143(2) notice, why your return may be selected for scrutiny, and the steps required for a faceless ass...
Income Tax : As Income Tax Department initiates scrutiny for Assessment Year (AY) 2024–25, many taxpayers are receiving notices under Section...
Income Tax : Indian tax authorities are scrutinizing high-value financial transactions, including large deposits, property deals, and credit ca...
Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...
Income Tax : Revised Instruction for constitution and functioning of Local Committees to deal with taxpayers’ grievances due to high-pitched ...
Income Tax : Ministry of Finance Income Tax Returns( ITR) scrutiny reduced to 0.25% in AY 2018-19 IT Dept is changing -from just enforcement ...
Income Tax : Start-ups and their investors filing requisite declarations not to be subjected to any scrutiny regarding valuations of share prem...
Income Tax : Income Tax Department has accepted 99.65 per cent of tax returns as it is and has picked only 0.35 per cent cases for detailed scr...
Income Tax : The case examined whether scrutiny selection without meeting CBDT conditions was valid. The ITAT held that failure to satisfy mand...
Income Tax : Chennai ITAT set aside the assessment for exceeding the limited scrutiny scope and disallowing 80P without a spea...
Income Tax : Tribunal held that once a scrutiny assessment under Section 143(3) allows a claim, any earlier disallowance by CPC under Section 1...
Income Tax : Kolkata ITAT rules assessment void after a 143(2) notice failed to specify the type of scrutiny, violating mandatory CBDT instruct...
Income Tax : ITAT Kolkata cancels a Section 144 assessment, ruling that the foundational Section 143(2) notice was invalid for failing to compl...
Income Tax : CBDT outlines parameters for compulsory income tax scrutiny for FY 2025-26, including survey, search & seizure cases, registration...
Income Tax : Understand the guidelines set by the Indian Ministry of Finance for the compulsory selection of returns for complete scrutiny duri...
Income Tax : Government of India issues guidelines for compulsory selection of returns for Complete Scrutiny during FY 2023-24. Find the proced...
Income Tax : Central Board of Direct Taxes (CBDT) released guidelines outlining the parameters and procedures for the compulsory selection of i...
Income Tax : Amendment in Guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2022-23 — procedure ...
Kolkata ITAT rules Section 143(2) notice without specifying scrutiny type is invalid, leading to quashed assessment for Durga Automotives.
As Income Tax Department initiates scrutiny for Assessment Year (AY) 2024–25, many taxpayers are receiving notices under Section 143(2) of Income Tax Act, 1961. If you’ve received one, don’t panic—but don’t ignore it either.
Indian tax authorities are scrutinizing high-value financial transactions, including large deposits, property deals, and credit card payments, using data analytics.
Understand Income Tax scrutiny under Section 143(2) for AY 2024-25, faceless process, key deadlines, documents needed, and why expert help is crucial.
Understand the importance of correct formats for Section 143(2) scrutiny notices. Learn how non-compliance impacts tax assessments, referencing CBDT guidelines and recent tribunal rulings.
CBDT outlines parameters for compulsory income tax scrutiny for FY 2025-26, including survey, search & seizure cases, registration cancellations, recurring additions, and specific tax evasion information.
Punjab & Haryana High Court dismisses revenue appeals, quashing tax scrutiny assessment against Crystal Phosphates Ltd. due to non-compliance with binding CBDT instructions for case selection.
CBDT introduces AI/ML for ITR scrutiny selection. Automated risk scoring based on data mismatches demands greater accuracy from taxpayers and CAs.
Patna HC upholds income tax scrutiny against Patna Smart City Limited, rejecting claims of violation of guidelines and natural justice.
Scrutiny assessment which is mainly governed by Section 143 of IT Act is in-depth process used by tax officers to ensure accuracy and compliance in a assessee’s return filled. It is not like regular assessment processes scrutiny assessments involve detail examination of assessee’s financial submission, claim, deductions, & overall tax liability as disclosed in return […]
