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Income Tax Notices

Gujarat HC Quashes S. 153C Income Tax Notices for Lack of Incriminating Material Linking Petitioner to Search [Read Order]

Mansi Yadav

The Gujarat High Court has set aside a series of notices issued under Section 153C of the Income Tax Act, 1961, holding that the foundational...

Delhi HC Reaffirms 10-Year Limit u/s 153C, Quashes Income Tax Notices [Read Order]

P&H HC grants bail to Income Tax Officer in ₹25 lakh Bribery Case, Clarifies Direct Bail Plea...

Section 149 Amendments Prospective, Invalidates Reopening Beyond Limitation : Delhi HC Quashes...

Relief to TVS: Madras HC Quashes Income Tax Notices Issued by JAO, Upholds Mandatory Notice By FAO...

Non Compliance with Income Tax Notices due to Administrative Issues: ITAT cancels Ex-Parte Order [Read Order]

In a recent case before Income Tax Appellate Tribunal ( ITAT ), Bangalore an appeal filed by the assessee was allowed granting a final opportunity to the appellant to represent its case before the...

Issuance of Time-Barred Income Tax Notices: Ex-ICAI President Ved Jain grills Income Tax Dept

In a recent social media post, Ved Jain, former president of the Institute of Chartered Accountants of India ( ICAI ), highlighted concerns regarding notices issued under Section 148 of the Income...

Income Tax Notices on Real Estate Deals and Credit Card Transactions: Here's All You Need to Know

The Income Tax Department maintains a vigilant watch over financial activities, utilizing various data sources to ensure tax compliance. Specific transactions can trigger additional scrutiny,...

Income Tax Notices - Real Estate Deals - Credit Card Transactions - taxscan

Beware Income Tax Payers! These 10 High Value Transactions may Trigger IT Notices

The Income Tax Department closely watches High Value Transactions and issues Income Tax Notices to the suspicious ones. It is important for Taxpayers to know the transactions to stay compliant and...

Appeal against Late Fee U/s 234e of Income Tax Act for Delayed Filing of TDS Returns more than 6 years later: ITAT dismisses Delay Petition [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai bench, while dismissing the petition for condonation for delay, held that the appeal filed by the assessee against late fees under Section 2344E of...

Non-Mentioning of These 5 Incomes May Attract Income Tax Notice: Know the Details

As the date for submitting Income Tax Returns (ITR) draws near, it is important to ensure that you submit your returns promptly. It is important to include all relevant details to finalize the...

Non - Mentioning - Incomes - Attract - Income - Tax - Notice - TAXSCAN

Non-response to Income Tax Notices due to Pandemic is 'Reasonable Cause' for Delay: ITAT Orders Fresh Adjudication [Read Order]

In an assessee-friendly ruling, the Bangalore bench of the Income Tax Appellate Tribunal (ITAT) comprising Shri N. V. Vasudevan, Vice President and Shri Chandra Poojari, Accountant Member has...