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Received an Income Tax Notice for Mismatch or High-Value Transactions? Here’s What to Do

In recent days, many taxpayers have received emails and messages from the Income Tax Department pointing out differences between their Income Tax Returns (ITR) and the information available in the...

Received an Income Tax Notice for Mismatch or High-Value Transactions? Here’s What to Do
Kavi Priya

Savings from Foreign Salary Not Taxable: ITAT deletes Income Tax Notice against Dubai NRI for ₹2 Cr Residential Property Investment [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) deleted the ₹2 crore addition made on a Dubai‑based NRI after observing that the investment in a residential property was fully explained...

Savings from Foreign Salary Not Taxable: ITAT deletes Income Tax Notice against Dubai NRI for ₹2 Cr Residential Property Investment [Read Order]
Kavi Priya

Change of Opinion Bars Reopening: Calcutta HC sets aside Income Tax Notice against Coal Manufacturer on alleged Cash Return [Read Order]

The Calcutta High Court has set aside an income‑tax reassessment notice issued to the petitioner, holding that reopening based on identical allegations already scrutinised amounted to impermissible ...

Change of Opinion Bars Reopening: Calcutta HC sets aside Income Tax Notice against Coal Manufacturer on alleged Cash Return [Read Order]
Sandhra Suresh

Income Tax Notice issued to Deceased Invalid: Calcutta HC orders to Re-initiate Proceedings against Legal Heirs [Read Order]

The Calcutta High Court has held that an income tax notice issued in the name of a deceased assessee is invalid, and the Revenue must re-initiate reassessment proceedings properly against the legal...

Income Tax Notice issued to Deceased Invalid: Calcutta HC orders to Re-initiate Proceedings against Legal Heirs [Read Order]
Navasree A.M

Income Tax Notice issued u/s 148 Invalid Without Signature: Karnataka HC dismisses Revenue's Appeal [Read Order]

The Karnataka High Court has dismissed an appeal filed by the Revenue, upholding an Income Tax Appellate Tribunal (ITAT) order that quashed a reassessment proceeding. The Court rejected the...

Income Tax Notice issued u/s 148 Invalid Without Signature: Karnataka HC dismisses Revenues Appeal [Read Order]
Yogitha S Yogesh

Parallel Reassessment Proceedings Invalid: Delhi High Court quashes Second S.148 Income Tax Notice as Void [Read Order]

The bench of the Delhi High held that reassessment proceedings initiated through a second notice under Section 148 of the Income Tax Act, 1961 were invalid, being both time-barred and constituting...

Parallel Reassessment Proceedings Invalid: Delhi High Court quashes Second S.148 Income Tax Notice as Void [Read Order]
Advika Dwivedi

How Much Gold and Silver Can You Keep at Home in India without Paying Tax or Getting Income Tax Notice

Gold and silver hold a special place in Indian households. For many families, jewellery and coins are not just ornaments or investments; they represent culture, emotion, and financial security but...

How Much Gold and Silver Can You Keep at Home in India without Paying Tax or Getting Income Tax Notice
Kavi Priya

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