The Income Tax Department, in a corrective measure, has issued a clarification on X, following the concerns raised by honest taxpayers who received notices from the department after duly filing their income tax return within the time limits.
https://x.com/IncomeTaxIndia/status/1739665873877496185?s=20
The Department had earlier issued a notice to many taxpayers who had already filed their income tax returns duly.
The clarification stated that, “Some references have come to the notice of the Income Tax Department regarding recent communication sent to taxpayers pertaining to transaction(s) made by them.
Taxpayers may pl note that such communication is to facilitate the taxpayers & make them aware of the information available with the ITD regarding the transactions reported by the Reporting Entities during the year.
It is not a notice sent to all taxpayers, but is an advisory sent in only those cases where there is an apparent mismatch between disclosures in the ITR & information as received from the Reporting Entity.
The objective of the communication is to provide an opportunity to taxpayers & facilitate them to provide their feedback online on the Compliance Portal of ITD &, if necessary, revise their Returns already filed OR to file the Return if not filed, so far.
The last date for revising or filing belated return for AY 2023-24 is 31st December, 2023. Taxpayers are requested to respond to the communication on priority.”
Confirming that the notices were sent through e-mail as well as sms, the IT department also clarified in reply to a query in Twitter, now X that, “The communication from the Department is sent by both modes ie by email & sms”
https://x.com/IncomeTaxIndia/status/1739710307524923536?s=20
Meanwhile, a stakeholder had taken it to X with the allegation that orders were passed by the Income Tax Commissioner of Appeals without affording an opportunity of hearing, being a grave violation of natural justice.
https://x.com/Surende85516102/status/1739841477675823473?s=20
Read More about this: Faceless CIT(Appeasl) or Mindless CIT(Rejections)? Know what the professionals have to say
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