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Search results for: income tax department

CBDT Will Target 1.52 Crore Non-ITR Filers

CBDT Embarks a Strong Drive for Targeting 1.52 Crore Non-ITR Filers

The income tax department is on a drive to target the individuals and entities who are liable to file their ITR however they haven’t done it yet. As per the reports, the department fetched a staggering 1.52 crore these people who even after secures the taxable income or tax deducted at source (TDS), have losses […]

Jharkhand HC's Order for M/s Dresco Tailors

Jharkhand HC Permits Revocation Application of Cancelled GSTIN After Expiration of Time Limit

The Jharkhand High Court in its ruling has allowed the filing of an application for revocation of cancelled GST registration, despite the expiration of the limitation period. The decision derived from a petition furnished via a proprietor aggrieved by the dismissal of their petition u/s 107 of the Central Goods and Services Tax Act, 2017 […]

MP Singh Appointed Chief Commissioner of Income Tax

MP Singh Takes Charge as a Chief Commissioner of J&K, Ladakh

W.e.f 1st April MP Singh, 1990 batch of Indian Revenue Service (IRS) has been promoted as Chief Commissioner of Income Tax J&K and Ladakh headquarter at Srinagar by the Department of Personnel and Training and Central Board of Direct Taxes, New Delhi. Singh was posted as Principal Commissioner of Income Tax, J&K, and Ladakh for […]

Madras HC's Order for Ravikumar

Late ITR Filing Delays TDS Refund: Madras HC Instructs to Submit Application U/S 119(2)

An application under Section 119(2) of the Income Tax Act, 1961 is directed by the Madras High Court to be submitted related to the refund of TDS related to compensation from a Motor Accident Claims Tribunal (MACT). The delay in filing Income Tax Returns (ITRs) had impeded this process. The applicant for the case asks for […]

Tax Authorities Crackdown False HRA Claims By Using Fake PAN

I-T Dept Uncovers A Big Scam Related to False HRA Claims by Misusing PAN

The income tax department has discovered a scam that consists of the bogus use of permanent account numbers (PAN) to claim house rent allowance (HRA) without actual tenancy. Till now approximately 8,000-10,000 high-value matters, each concerning amounts surpassing Rs 10 lakh, have been recognized. From the examination of the alleged rent receipts totalling nearly Rs […]

Madras High Court's Order for K.N.Subramaniam

Madras HC: Recovery Officer Can’t Invalidate a Sale Made by an Individual in Favour of a 3rd Party

The Madras High Court ruled that a tax recovery officer could not declare a sale that the taxpayer made in favor of a third party void if he discovers that the property of the taxpayer was transferred by the taxpayer to a third party to defraud the revenue. The bench of Justice C. Saravanan has […]

INR 73,500 Crore Collected By IT Dept for FY24

IT Dept Retrieves INR 73,500 Cr in Pending Dues for the FY 2023-24

Rs 73,500 crore has been successfully recovered by the income tax department in the pending dues for the FY 2023-24 up to March 15. The same recovery shows a rise as compared to the former fiscal year’s collection of Rs 52,000 cr. The corporate tax dues amounted to Rs 56,000 crore, and personal income tax […]

Kerala HC's Order for Sindhu Shaji

Kerala HC Orders ITAT to Review an Appeal, Even Though It was Filed After the Deadline

The Kerala High Court in a judgment, directed the Income Tax Appellate Tribunal (ITAT) to regard the petition after condoning the delay in filing the appeal. The Court regarded that the Appellate Authority should pass orders on the stay petitions on merits only if it condones the delay in filing the appeals. Sri K S […]

GST Evasion By 232 Money-changing Companies

IT Dept Unearths GST Evasion from Money-Changing Companies By Using Fake ITC

A network of 232 fake money-changing companies has been excavated by the Income Tax Department and detected tax evasion amounting to ₹1,000 crore via fraudulently generated Input Tax Credits under the Goods and Services Tax (GST) regime. Furnishing the information of the bogus process, the Chairman of the Central Board of Indirect Taxes and Customs […]

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