1 .Failure of the Assessing Officer to issue Income Tax scrutiny notice in time couldn’t be cured by resorting to sec. 292BB 2. No Income addition can be done against the fictitious entry in the books of accounts. There was an interesting case before ITAT Delhi in the case of DCIT Vs Glass Tech […]
1. Gujarat High Court bench of Justice J.B. Pardiwala and Justice Nisha M. Thakore have held that the issuance of a show cause notice along with the draft assessment order is absolutely necessary before passing an order under Section 144B of the Income Tax Act. 2. Indians with hidden income in the United […]
1. CBDT has notified new income tax return forms SAHAJ ITR-1, ITR-2, ITR-3, SUGAM ITR- 4, ITR-5, ITR-6, ITR-V and ITR- Ack, for the Financial Year 2021-22 [Assessment Year 2022-23], the ministry of finance said in a release on 1 April 2022. 2. CBDT notifies Section 206C(1G) [TDS on remittance through […]