Day: April 10, 2025
*******Section 151A: JAO Lacks Jurisdiction to Issue Section 148 Income Tax Notices
Clipped from: https://taxguru.in/income-tax/issuance-notice-u-s-148-jurisdictional-assessing-officer-jurisdiction-invalid.html Sharda Devi Chhajer Vs ITO (Rajasthan High Court) Rajasthan High Court held that, in terms of section 151A of the Income Tax Act,
*******Delhi HC Quashes Faceless Assessment for Lack of SCN cum Draft Order
Clipped from: https://taxguru.in/income-tax/delhi-hc-quashes-faceless-assessment-lack-scn-cum-draft-assessment-order.html Akashganga Infraventures India Limited Vs National Faceless Assessment Centre (Delhi High Court) In the case of Akashganga Infraventures India Limited vs. National Faceless Assessment
*******Faceless Assessment Invalid if Draft Order not served Before Finalization: Gujarat HC
Clipped from: https://taxguru.in/income-tax/faceless-assessment-invalid-draft-order-served-finalization-gujarat-hc.html Kottex Industries Private Limited Vs National Faceless Assessment Centre (Gujarat High Court) In Kottex Industries Private Limited vs. National Faceless Assessment Centre, the Gujarat
RBI Guv on IndusInd and New Bank of India -[1] I wouldn’t call them total failures [2] They are episodes [3] We have to ensure through various means that these incidents happen lesser in frequency– News Courtesy Business Standard
RBI DG Mr Swaminathan J — We never waste a crisis. There will be learning and the supervisory tools will get better with each episode.
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