Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The Kerala High Court ruled that tax proceedings under Income Tax Section 148A are invalid if the income is less than INR 50 lakh and the notice is issued more than three years later. Justice Ziyad Rahman A.A. said that “when the order of the assessing authority is found to be without jurisdiction and hit […]
The reassessment notice issued for failure to follow the procedure prescribed under Section 148A of the Income Tax Act, 1961, has been quashed by the Delhi High Court.” Chandra Prakash Srivastava, the applicant, has filed a petition challenging an order dated July 28, 2022, which was issued under Section 148A(d) of the Income Tax Act, […]
An Order passed by the Bombay High Court regarding the issuance of Notice under Section 148A(b) of the Income Tax Act, 1961 to the legal representatives of a deceased taxpayer has been set aside by the Supreme Court of India. A Civil Appeal was instituted to the Supreme Court by Ghanyashyam Anil Dhanani concerning a […]
It was carried by the Madhya Pradesh High Court (HC) that an order passed u/s 148A(d) of the Income Tax Act 1961 is not an appealable order hence the mere remedy with an aggrieved party is to invoke the writ jurisdiction of the HC. The proceedings under section 148A are initiated when the income tax […]
The Finance Bill 2024 includes changes to Section 148A of the Income-Tax (I-T) Act, which relates to the time limits for issuing notices to reopen assessments. Currently, the Income-Tax Department can reopen assessments under Section 148A for up to 5 years and 3 Months from the end of the relevant assessment year if the income […]
If an order is passed under section 148A(d) of the Income Tax Act in the lack of an appropriate sanction as per the provisions of Section 151 of the Income Tax Act, the order and the resulting notice u/s 148 shall need to be declared illegal, the Bombay High court ruled. The bench of Justice […]
The matter of Laxmi Meena Vs Union of India & Ors. before the Rajasthan High Court is concerned with the legality of proceedings initiated u/s 148A(d) of the Income Tax Act, 1961, established on facts proposing differences in reported income from a property transaction. Below is a detailed case summary: A Summary of the Arguments […]
A reassessment order has been revoked by the Calcutta High court on the basis of non-compliance of section 148A notice under the income tax act 1961 and rendered the applicant’s matric commodeal Pvt ltd to furnish the cost of Rs 5000 applicant to the Calcutta High court legal services committee. The applicant was hurt, as […]
The Calcutta High Court has stayed reassessment proceedings initiated u/s 148 of the Income Tax Act, 1961, for the AY 2021-22, on a prima facie basis, that the reassessment notice seemed to have been issued without acknowledging the taxpayer’s detailed replies provided earlier in reply to a notice u/s 133(6) of the Income Tax Act. […]
