Clipped from: https://www.taxscan.in/attachment-of-property-by-income-tax-dept-cannot-be-made-indefinitely-without-pursuing-steps-to-resolve-matter-delhi-hc/496522/ The Delhi High Court has held that the Income Tax Department cannot, suspecting escapement of tax on income by an assessee, indefinitely attach its properties
Category: Income Tax
@Reassessment proceedings barred by limitation cannot be pursued: Rajasthan HC
Clipped from: https://taxguru.in/income-tax/reassessment-proceedings-barred-limitation-pursued-rajasthan-hc.html Late Shri Rafiq Ahmed Querashi Vs Central Board Of Direct Taxes (Rajasthan High Court) Rajasthan High Court in the case of Late Shri Rafiq
@No Reassessment on Change of Opinion or Solely on Insight Portal Data: Gujarat HC
Clipped from: https://taxguru.in/income-tax/reassessment-change-opinion-solely-insight-portal-data-gujarat-hc.html Khushboo Anand Bhayani Vs ITO (Gujarat High Court) Gujarat High Court heard the petition filed by Khushboo Anand Bhayani challenging the reassessment notice
Experts intrigued by inclusion of electoral bonds in new Income-Tax Bill | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/experts-intrigued-by-inclusion-of-electoral-bonds-in-new-income-tax-bill-125021700702_1.html Electoral bonds have been mentioned in the new Income Tax Bill’s Schedule VIII which deals with ‘Income not to be included in the
*******ITAT Directs Reassessment in ₹1.8 Crore Capital Gains & Section 54 exemption denial Case
Clipped from: https://taxguru.in/income-tax/itat-directs-reassessment-rs-1-8-crore-capital-gains-section-54-exemption-denial-case.html Badri Narayanan Vs ITO (ITAT Chennai) The Income Tax Appellate Tribunal (ITAT) Chennai has directed the Assessing Officer (AO) to re-examine a capital
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