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Income Tax Notice

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

Navasree A.M

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...

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

No Legal Mechanism Existed to Compute Capital Gains on Unlisted OFS Shares Before 2024 Amendment:...

ROC cannot File Criminal Complaint While Company’s Penalty Appeal u/s 454(8) is Pending: Kerala HC...

Income Tax Notice issued Demanding Management Fee Paid to Oversea Company: Delhi HC sets aside...

Teacher receives Income Tax Notice after Bank Manager Misused Account: Madras HC directs Dept to Hear Matter [Read Order]

The Madras High Court has directed the Income Tax department to grant the petitioner a fresh opportunity of hearing to respond to allegations of fraudulent transactions in which the bank account...

20 Year Old Student Receives Income Tax Notice for ₹35 Crore Bank Transaction

A 20 - year old college student received income tax notice for Rs. 35 crores bank transactions in the past 8 months. However, after investigation, two men were arrested for misusing the student’s...

Bhiwani Auto Driver Receives Rs. 31.67 Crore Income Tax Notice

Another shocking case came to light in Haryana when an auto driver from Bhiwani, Raj Singh, received an income tax notice asking him to pay tax on Rs. 31.67 crore. Raj Singh, who drives an auto to...

Village Potter from Rajasthan Receives Rs. 10.5 Crore Income Tax Notice

A young potter from a small village in Rajasthan has been left shocked and confused after receiving a tax notice for more than Rs. 10 crore. Vishnu Kumar Prajapat, who lives in Jhaliji Ka Barana...

Amidst ongoing Controversy Regarding Empuraan Movie, Producer Antony Perumbavoor gets Income Tax Notice

Film producer Antony Perumbavoor has received a notice from the Income Tax Department, seeking clarification over alleged financial transactions, including an amount of Rs 2.5 crore reportedly paid...

SBI Sanitation Worker in UP Earning Just ₹15k Monthly Receives ₹33.88 Cr Income Tax Notice

A sanitation worker in Aligarh, Uttar Pradesh, was shocked to receive an income tax notice demanding Rs. 33.88 crore, even though he earns just Rs. 15,000 a month. Karan Kumar Valmiki works as a...

UP Juice Seller Hit with Rs. 7.79 Crore Income Tax Notice, Only Earns Rs. 400 a Day [Read Order]

A small juice seller from Aligarh, Uttar Pradesh, is in complete shock after receiving an income tax notice demanding Rs. 7.79 crore. The man, Mohammed Rahees, says he has no idea how this happened,...