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Income Tax Notice

Delhi HC Quashes Income Tax Notices against NDTV Founders, Slaps ₹2 Lakh Costs on Department [Read Judgment]

The Delhi High Court has quashed the income tax reassessment notices issued to NDTV founders Dr. Prannoy Roy and Ms. Radhika Roy which was issued in...

Legal Heirs Not Replied to Income Tax Notices: Madras HC remits case Subject to Deposit of 20% of...

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

Savings from Foreign Salary Not Taxable: ITAT deletes Income Tax Notice against Dubai NRI for ₹2 Cr...

Change of Opinion Bars Reopening: Calcutta HC sets aside Income Tax Notice against Coal Manufacturer...

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 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...

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...

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...

Delhi HC Upholds Order sets aside Income Tax Notice issued u/s 153C Beyond Six years [Read Order]

In a recent case, the Delhi High Court upheld the order which set aside the notice issued under section 153C of the IncomeTax Act, 1961 , beyond six years. It was viewed that the substantial...

Income Tax Notice u/s 12AB(4)(a) Unsustainable During Pending Challenge to FCRA Certificate Cancellation: Delhi HC quashes Notice against CHRI [Read Order]

The Delhi High Court has quashed an Income Tax notice issued under Section 12AB(4)(a) of the Income Tax Act, 1961 against the Commonwealth Human Rights Initiative (CHRI), holding that such action...

Non-Issuance of Income Tax Notice u/s 143(2) cannot be Cured u/s 292BB: ITAT [Read Order]

The Visakhapatnam Bench of the Income Tax Appellate Tribunal (ITAT) examined whether an assessment finalized under Section 144 of the Income Tax Act, 1961 (Act), without issuance of a mandatory...