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No assessments could be made under section 143 or 144 of the Income Tax Act post 12 months from the finish of the pertinent assessment year, the Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) observed. The taxpayer company reported a taxable income of Rs. 8,59,050/- in 2012, later assessed at Rs. 12,13,510/ in […]
The re-assessment without the issuance of notice under Section 143(2) of the Income Tax Act 1961 was void, Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) ruled. Gonuguntla Nirmala Devi, an individual taxpayer, submitted her tax return for the 2012-13 assessment year on March 30, 2014, disclosing her income. The tax authorities initially processed her […]
The Assessment Order of the Commissioner of Income Tax (Appeals) (CIT(A)) has been cancelled by the Income Tax Appellate Tribunal (ITAT), Bangalore Bench reason that an obligatory notice under Section 143(2) of the Income Tax Act, 1961 was not served to the taxpayer before the finish of the assessment proceedings. The taxpayer, Rajiv Gandhi University […]
The Income Tax Appellate Tribunal (ITAT), the Mumbai bench has argued the Income Tax Scrutiny Assessment under section 143(3) on account of this issuance of a manual assessment directive lacking a Documentation Identification Number (DIN). The assessee, Teleperformance Global Services Pvt. Ltd. was in the business of offering IT-enabled services. The return of income was […]
The Income Tax Appellate Tribunal (ITAT), Cuttack Bench, has ruled in an appeal that an income tax return submitted with an error and subsequent notification u/s.143(1) is invalid. ITAT made the mentioned observation when an appeal was filed before it through the taxpayer, as against the order of the CIT(A), National Faceless Appeal Centre (NFAC), […]
According to a recent decision by the Pune bench of the Income Tax Appellate Tribunal (ITAT), if the tax was not deposited, the advantage of tax deduction at source shall not be granted in the intimation under section 143(1) of the Income Tax Act of 1961. According to Section 143(1) of the Income Tax Act […]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) stated that as the intimation under section 143(1) of the Income Tax Act, 1961 does not show in the tax portal hence there could not be any resulting issues referred to the assessment. The taxpayer, Mr, Paras Kuhad is a Senior Advocate who practices in […]
To measure the mood of the states before the GST official’s meeting in late May, the GST officials secretariat seeks the views of the states on the scope of raising the tax rates on 143 items, in the majority of the cases to revert the rate to 28% from 18%. The State Minister mentioned that […]
ITR filing procedure does not finish on the stage of verification. When the person has validated his own tax returns then the income tax department then initiates the process of the tax return. Post to the process of income tax return the income tax department sends the intimation notice. Under section 143(1) of the Income-tax […]
