Powerd By SAG INFOTECH
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A warning has been issued to the taxpayers by the Income tax department, making them aware of the bogus calls and messages about the income tax refunds. Scammers impersonate the tax authorities and get the data of the individual’s bank accounts by deceiving them, which leads the individuals to face financial losses. Beware of Fraudulent […]
The Delhi High Court has ruled that Section 260A of the Income Tax Act, 1961, which relates to appeals to High Courts, does not envisage the filing of cross-objections by the opposite party, unlike Order XLI Rule 22 CPC. A division bench of Justices Yashwant Varma and Harish Vaidyanathan Shankar stated that “The Legislature appears […]
The writ petition has been dismissed by the High Court of Madras, contesting the Goods and Service Tax (GST) demand on non-taxable receipts, mentioning the availability of a statutory remedy. The applicant/taxpayer, Ragem Motors, contested the assessment order furnished via the respondent for the AY 2017-18 via the same writ petition. The Court addressed the […]
The Delhi High Court stated that Section 292B of the Income Tax Act, 1961, cannot be used to validate an assessment order that overlooks errors apparent on the face of the record. It was furnished via the provisions that no notice or assessment or any proceedings could be considered to be not valid only for […]
The Jharkhand High Court mentioned that retaining the balance amount by the department after the tax demand is reduced constitutes a breach of Article 14 and Article 265 of the Constitution. It was noted by the Division Bench of Chief Justice M.S. Ramachandra Rao and Justice Deepak Roshan that the department could not hold the […]
The income tax department will conduct nationwide regulatory action for those taxpaying entities that did not deduct and deposit taxes collected at the source (TDS/TCS). Under the sources cited in the report, nearly 40,000 taxpayers (individuals and businesses) are being investigated for possible defaults in tax deductions for the fiscal years 2022-23 and 2023-24. The […]
The recently introduced Income Tax Bill 2025, in the Lok Sabha has raised concerns among taxpayers about their eligibility for income tax refunds if they file their Income Tax Return (ITR) after the due date. Experts have noted that Clause 263(1)(a)(ix) of the new tax bill requires returns to be filed by the due date […]
Filing an Income Tax Return (ITR) post deadline but before prosecution does not remove the obligation for the offences u/s 276CC of the Income Tax Act, 1961, Apex court held. The petitioner Vinubhai Mohanlal Dobaria, contested a ruling of the Gujarat High Court that carried the Chief Commissioner of the income tax’s rejection of his […]
The Madras High Court Single Bench of Justice K Kumaresh Babu in a decision mentioned that the act of availing a Goods and Services Tax (GST) registration and paying tax dues post inspection could not be cited as voluntary, keeping the levying of penalty on the GST taxpayer. The writ petition was furnished contesting the […]
