Month: May 2023

Clipped from: https://www.taxscan.in/itat-invalidates-reassessment-as-notice-u-s-1432-not-issued-within-time-limit/280202/ The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) recently invalidated the reassessment proceedings as notice under Section 143(2) not issued within prescribed time limit. The

Read More: https://www.taxscan.in/non-compliance-of-notice-not-deliberate-itat-deletes-penalty-u-s-271b/280022/ Clipped from: https://www.taxscan.in/non-compliance-of-notice-not-deliberate-itat-deletes-penalty-u-s-271b/280022/ The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty under Section 271B of the Income Tax Act 1961 as

Clipped from: https://www.taxscan.in/capital-gain-exemption-u-s-54-cannot-be-denied-based-on-inadvertent-and-bonafide-typographical-error-itat/279957/ Top Stories The Lucknow Bench of Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under Section 54 of the Income Tax could not

Clipped from: https://www.thehindubusinessline.com/opinion/withdrawal-of-2000-note-a-prudent-step/article66881795.ece With preference for digital payments rising and keeping in view its clean note policy, the RBI’s move is well-calibrated The RBI, on May

Clipped from: https://www.financialexpress.com/money/high-value-notes-prone-to-be-misused-finance-secretary/3097950/ Rs 2,000 notes were introduced for a temporary purpose, says finance secretary TV Somanathan There is a long-term benefit of reducing illegal and