https://www.financialexpress.com/money/wrong-pan-rs-1-46-cr-tax-notice-how-a-mumbai-man-earning-rs-3500-fought-back-at-itat-4360271 An income-tax notice can have serious financial consequences for a taxpayer, particularly when the Income Tax Department reopens an old assessment and makes additions
Day: October 13, 2026
Senior citizen gets income tax notice over Rs 65.27 lakh cash deposit in bank account; his son proves source of funds and wins case in ITAT Jaipur
Read more at:https://economictimes.indiatimes.com/wealth/tax/senior-citizen-gets-income-tax-notice-over-rs-65-27-lakh-cash-deposit-in-bank-account-his-son-proves-source-of-funds-and-wins-case-in-itat-jaipur/articleshow/134915017.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Mr Ram Singh, a senior citizen, received an income tax notice for an alleged unexplained cash deposit of Rs 65.27 lakh in
*****How much gold and silver jewellery can you have in your home without getting into trouble with the Income Tax authorities?
Read more at:https://economictimes.indiatimes.com/wealth/tax/how-much-gold-and-silver-jewellery-can-you-have-in-your-home-without-getting-into-trouble-with-the-income-tax-authorities/articleshow/134915513.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Recently, there was a case in the ITAT Mumbai where the Income Tax Department conducted a search operation in a lady’s residential
*****Mere Filing of Reply Does Not Satisfy Personal Hearing Requirement u/s 148A When Hearing is Specifically Sought: Rajasthan HC
https://www.taxscan.in/income-tax/mere-filing-of-reply-does-not-satisfy-personal-hearing-requirement-us-148a-when-hearing-is-specifically-sought-rajasthan-hc Assessee who specifically seeks a personal hearing before a Section 148 reassessment decision cannot be denied that opportunity merely because a detailed written reply
*****Amendment made to Repealed Act is Unsustainable: AP HC Declares Section 147A of Income Tax Act Unconstitutional
https://www.taxscan.in/income-tax/amendment-made-to-repealed-act-is-unsustainable-ap-hc-declares-section-147a-of-income-tax-act-unconstitutional-read-judgment In a major ruling, the Andhra Pradesh High Court declared Section 147A of the Income Tax Act, 1961 as unconstitutional, thereby ruling that an
*******Search-Linked S.148 Notice for AY 2015-16 Issued in March 2026, beyond 10 years Limit: Delhi HC quashes Notice
https://www.taxscan.in/income-tax/search-linked-s148-notice-for-ay-2015-16-issued-in-march-2026-beyond-10-years-limit-delhi-hc-quashes-notice-read-order A reassessment notice cannot travel beyond the outer limitation period under Section 149 even where the alleged escaped income exceeds Rs. 50 lakh The
*******Income tax penalty waiver: CBDT revises Form 161 to cover misreporting cases; check rules
An income tax penalty can run into a substantial amount, especially in cases involving misreporting of income. But taxpayers may have a way to seek
