Section 144B articles

Costs to be imposed on AO, If Orders are Passed without Application of Mind: Bombay HC

Bombay High Court held that It will impose cost on Assessing Officers if Assessment orders are passed without following the principles of natural justice and without considering the reply/objection filed in response to the show cause notice....

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Posted Under: Income Tax |

A Reassessment of Section 144B of Income Tax Act, 1961

Section 144B in the Income Tax Act,1961 has been introduced in the Income-tax act by National e-Assessment Scheme. The ambitious scheme launched in August 2020 seeks to bring the much-needed reform revolution to the income tax procedure that encumbered tax filing for the common man, fostered corruption, and aided tax evasion. Before the s...

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Posted Under: Income Tax |

The real face of Faceless Assessment Analysis of recent judicial developments

Our focus of the article will be on section 144B of the Income-tax Act, 1961 (Act) which has been introduced with effect from 01.04.2021 and already stands widely litigated before the courts. While the technology was recasting the process of assessment and appellate proceedings over the years, COVID-19 induced lockdown quickened the proce...

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Posted Under: Income Tax |

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June 2022