Vide Instruction No. 01/2022 Dated 11th May 2022, the CBDT has issued instructions to implement Supreme Court judgement in the case of Union of India vs Ashish Agarwal. Procedure required to be followed by the Jurisdictional Assessing Officer/ Assessing Officer, in compliance with the order of the Hon’ble Supreme Court, is as under: The extended …
In the case of Pawan Morarka Vs ACIT, the Bombay High Court has held that: On the submissions of Mr. Pardiwalla that respondent had issued impugned notice under Section 148 relying on the Delhi High Court order and judgment despite agitating the conclusion of the Delhi High Court before the Apex Court, Mr. Suresh Kumar …
On 17th January 2022, Calcutta High Court has quashed notices issued under section 148 of the Income Tax Act. The court said that: Respectfully agreeing with the reasonings and views taken by the Allahabad High Court, Rajasthan High Court and Delhi High Court in the cases referred hereinabove, all these Writ Petitions herein are disposed …
Breaking: Calcutta High Court Quashes Notices Issued Under Section 148 Of Income Tax Act Read More »
In the writ petition no. 3581 of 2021, the Bombay High Court has held on December 20, 2021 that: 4.) In the affidavit in reply, the same Mr. Suryavanshi states “as Annexure – 2 is the copy of the approval u/s 151 of the Act ”. There is no annexure – 1 mentioned anywhere. Moreover, …
By issuing a circular, the CBDT has asked tax officials to re-open assessments under section 148 of the Income Tax Act 1961 for the assessment years 2015-16 to 2018-19. “It is directed that the information pertaining to assessment year 2015-16 and assessment year 2018-19, which requires action under Section 148 of the Income Tax Act …
Re-open Assessments For Assessment Years 2015-16 To 2018-19: CBDT Asks Tax Officers Read More »
On 15th December 2021, the Delhi High Court has quashed notices issued under section 148 of the Income Tax Act (issued on or after 1st April 2021). The court said: “Keeping in view the aforesaid conclusions, Explanations A(a)(ii)/A(b) to the Notifications dated 31st March, 2021 and 27th April, 2021 are declared to be ultra vires …
F.No.225/40/2021/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 12th March, 2021 To All Principal Chief Commissioners of Income-tax Madam/Sir, Subject: Instructions regarding selection of cases for issue of notice u/s 148 of the Income-tax Act, 1961–clarification to CBDT’s letter dated 04.03.2021-reg 1. With reference to …