Applying this principle, the Tribunal held that since the notice was issued on 29.07.2022, i.e., after 31.03.2022, it was beyond the permissible limitation period. Therefore, the notice was invalid in ...
ITR reassessment: Filing income tax returns, a crucial financial task, poses complexity and error potential, possibly leading to an unsettling tax notice issuance by ...
The Court held that a Section 148 notice issued beyond the statutory six-year limitation period is invalid. It ruled that ...
Have you also received notice from the income tax department under Section 148? Know what you can do
For the assessment year 2018-19 or subsequent years, if your undisclosed income is more than Rs 50 lakh, you may receive a Section 148 notice from the Income Tax Department by August 31, 2024. If ...
Under Section 148 of the Income Tax Act, 1961, a notice can be issued by the Assessing officer to reassess a taxpayer's income tax return (ITR) if he has reason to believe that any income chargeable ...
Some income taxpayers have reportedly received notices under section 148, which is related to the reopening of assessments for the assessment years 2014-15, 2015-16, 2016-17 and 2017-18. A former ...
In a decision that has far-reaching implications, the Supreme Court declared that notices served under Section 148 of the Income Tax Act, must be deemed to have been issued under 148A. The decision of ...
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