Income Tax - Discover the consequences of incorrect SFT reporting triggering U/s 148A notices under the Income Tax Act, 1961. Learn from a detailed case analysis and understand the implications for taxpayers....
Income Tax - The Income-tax Act has prescribed time limit in respect of various procedures, applications, etc. (like time limit for filing an appeal to the Commissioner of Income-tax (Appeals), deposit of tax on distributed profits of domestic companies, filing return of income, filing belated return of income, etc.)....
Income Tax - Explore legality of Section 148A(b) & Section 148A(d) proceedings post Finance Act 2021. Understand implications of local assessments in a faceless era....
Income Tax - Understand the critical role of the initial enquiry under Section 148A(a) for taxpayer protection in income tax assessments. Explore the significance of the initial enquiry in gathering relevant information, ensuring a reasonable basis, and providing the assessee an opportunity to explain. Learn from recent court decisions, such as CIT v....
Income Tax - Read this critical analysis of the new reassessment provisions introduced by the Finance Act, 2021. Understand the changes in Section 148, 148A, and 149 of the Income Tax Act and their impact on taxpayers. Find an in-depth analysis, interpretations, and a conclusive assessment of the validity of reassessment proceedings....
Income Tax - Humble Representation for modification of Section 151 of the Income Tax Act relating to Sanction for issue of Notice under sec. 148/148A w.e.f. 1st April, 2021 DIRECT TAXES PROFESSIONALS’ ASSOCIATION Income Tax Building, 3, Govt. Place West, Ground Floor, Kolkata 700001 Ph – 033-22420638 URGENT Ref. No. DTPA/Rep/22-23/ | Dated: 25th J...
Income Tax - Income Tax Gazetted Officers’ Association requested CBDT to issue Clarification in respect of the judgement of Hon’ble Supreme Court in the case of Union of India Vs Ashish Agarwal ,Civil Appeal No. 3005/2022, Dated: 04/05/2022 in the matter of notices u/s 148 issued between 01-04-2021 to 30-06-2021 under the pre amended provisio...
Income Tax - Non- extension of the Time Barring Date for assessment of reopened cases and issuance of the notices for reopening – difficulties being faced – regarding Income Tax Gazetted Officers’ Association Date: 29.03.2022. To The Chairman, Central Board of Direct Taxes, North Block, New Delhi. Respected Sir, Sub: Non- extension o...
ITO Vs Abdul Majeed (Kerala High Court) - Kerala High Court affirms that personal hearing is mandatory before issuing orders under Section 148A(d) of the Income Tax Act....
ITO Vs Mohammed Noushad (Kerala High Court) - Kerala High Court rules that personal hearing is mandatory before passing an order under Section 148A(d) of the Income Tax Act....
Godrej Industries Ltd. Vs ACIT (Bombay High Court) - Bombay High Court quashes reassessment notices against Godrej Industries, citing issuance beyond the limitation period. A landmark victory for corporate law....
Amol Ramrao Dahale Vs The Principal, Chief Commissioner, Income Tax, Pune and another (Bombay High Court) - Bombay High Court quashes income tax reassessment notice for Assessment Year 2013-2014 as time-barred. Detailed analysis of the case provided....
St. John The Baptist Church Vs ITO (Kerala High Court) - In a setback for St. John The Baptist Church, Kerala High Court refuses to intervene in proceedings initiated under Section 148 of Income Tax Act. Full analysis here....
No: Pr.CCIT/Kol/Tech/DCIT/84/Meeting/P-1/2022-23/3608 - (06/02/2023) - Supreme Court in the matter of Shri Ashish Agarwal, several representations were received asking for time-barring date of such cases, in the light of communication sent by ITBA. The Board is of the view that such cases have to be completed by 31.05.2023...
(01/01/1970) - Income Tax Gazetted Officers’ Association (W.B.) Unit Date: 02.02.2023. To The Principal Chief Commissioner of Income Tax, West Bengal & Sikkim Region, Kolkata. Sir, Sub: Time barring date for reopening cases arising out of the direction of the Hon’ble SC in the case of Ashish Agarwa...
F. No. Pr. CCIT/KNP/DCIT(T&J)/5(31)/2022-23/7211 - (27/01/2023) - CBDT directed that cases reopened u/s 147/148A in consonance with Judgement of SC in case of UoI vs. Ashish Agarwal & CBDT instruction No. 01/2022 dated 11.05.2022 shall be completed on or before 31.05.2023....
F. No. 299/10/2022-Dir(Inv.III)/647 - (22/08/2022) - Consequent to order passed by Allahabad High Court passing severe strictures and proposing to levy exemplary cost of Rs 50 lakhs in a writ challenging reopening of assessment on wrong facts, CBDT today ( 22nd August, 2022 ) has issued instructions to all its officers that for initiating proceeding...
F.No.299/10/2022-Dir(lnv.III)/611 - (01/08/2022) - Salient features of new Section 148 to 151A 'i.e. assessment/reassessment procedure of Income Escaping Assessment...
ITO Vs Abdul Majeed (Kerala High Court) -
ITO Vs Mohammed Noushad (Kerala High Court) -
Godrej Industries Ltd. Vs ACIT (Bombay High Court) -
Amol Ramrao Dahale Vs The Principal, Chief Commissioner, Income Tax, Pune and another (Bombay High Court) -
St. John The Baptist Church Vs ITO (Kerala High Court) -
Arati Marketing Pvt. Ltd. Vs Union of India & -
Sevensea Vincom Private Limited Vs PCIT (Jharkhand High Court) -
Vasanthi Ramdas Pai Vs ITO (Karnataka High Court) -
ITO Vs Asamannoor Service Co-Operative Bank Ltd. (Kerala High Court) -