SECTION 148

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Breaking: CBDT Issues Instructions For Implementation Of Supreme Court Judgement On Section 148 Notices

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 …

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Breaking: Reopening Of Income Tax Assessment is Not Allowed On Ground Of Future Contingencies: Bombay High Court

Breaking: Reopening Of Income Tax Assessment is Not Allowed On Ground Of Future Contingencies: Bombay High Court

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 …

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Breaking: Calcutta High Court Quashes Notices Issued Under Section 148 Of Income Tax Act

Breaking: Calcutta High Court Quashes Notices Issued Under Section 148 Of Income Tax Act

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 …

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Train Your Officers That How To Apply Their Mind While Recording Reasons: Bombay High Court To CBDT

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, …

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Re-open Assessments For Assessment Years 2015-16 To 2018-19: CBDT Asks Tax Officers

Re-open Assessments For Assessment Years 2015-16 To 2018-19: CBDT Asks Tax Officers

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 …

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Breaking: Delhi High Court Quashes Notices Issued Under Section 148 Of The Income Tax Act

Breaking: Delhi High Court Quashes Notices Issued Under Section 148 Of The Income Tax Act

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 …

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CBDT clarifies on potential cases for issue of Section 148 notice

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

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 …

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