Proceedings u/s 148

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August undefined, 2024

Webb17 mars 2024 · The I-T Department is leveraging ‘INSIGHT’, a platform that throws the names of potential tax offenders after going through huge amounts of data. With the new algorithm, the tax department can issue as many as 50,000 letters under Section 148A of the Income Tax Act. It is important to know more about Section 148 A, and how to … Webb23 maj 2024 · (i) The impugned section 148 notices issued to the respective assessees which were issued under unamended section 148 of the IT Act, which were the subject matter of writ petitions before the various respective High Courts shall be deemed to have been issued under section 148A of the IT Act as substituted by the Finance Act, 2024 …

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Webb12 maj 2024 · Fresh notice u/s 148 can be issued only in cases where the AO has in his possession books of account or other documents or evidence which reveal that the … Webb20 mars 2024 · As per the provisions given under Section 149, notices issued under Section 148 will manifest over the subsequent time frames: No notice under section 148 shall be … chillspot freestyles

Penalty u/s. 271(1)(c): Initiation, Satisfaction & Levy – The Unwritten …

Webb15 maj 2024 · Reopening of the case U/s 148: Principle of reopening as laid down by Supreme Court in the case of Sabh Infrastructure Ltd vs ACIT on 25 September, 2024 Here is an important judgment by Delhi HC discussing the scope of section 148. The same is reproduced hereunder: Delhi High Court Sabh Infrastructure Ltd vs Asstt. Webbrelevant AY if the assessment was made u/s 143(3), unless any income chargeable to tax has escaped assessment by reason of ðnthe failure on the part of the assessee to file return u/s 139 or in response to a notice u/s 142(1) or section 148 or ðnto disclose fully and truly all material facts necessary for his assessment, for that assessment year WebbInterim relief against proceedings u/s 148 for being beyond 3 years – Delhi High Court. Published on 2024-08-26 Read More. Feel Free to Contact Us. Our Office Address. 5, Babar Lane, Ground Floor, Bengali Market, New Delhi-110001, India Email: [email protected] gracie gold 2021 nationals

Arun Duggal, Faridabad vs Dcit, Central Circle- 1, ... on 4 January, …

Webb8 maj 2024 · First and foremost, Assessee has to file ITR online u/s 148 for the respective assessment year for which the notice is received. It may be noted that the entire … Webbpenalty proceedings to constitute satisfaction of the AO for initiation of penalty proceedings under Section 271(1)(c). Even post Section 271(1B), still a prima facie satisfaction of Assessing Officer that the case may deserve imposition of penalty should A. Initiation of Penalty Proceedings u/s 271(1)(c): gracie hardware laneWebb25 maj 2024 · Consequently, notice u/s 148 of the Act was issued in the assessee’s case. The Assessing Officer enhanced the assessee’s income under the head capital gains by … chill spot for some animals crossword

"Webb29 juni 2024 · The world's premier source for conference proceedings, offering Print-on-Demand, DOI, and Content Hosting services. " - Proceedings u/s 148

Proceedings u/s 148

Webb30 juli 2024 · when a notice u/s 148 is received the assessee is asked to file a return of the relevant assessment year. After filling the return the assessee should ask for the copy of … Webb4 okt. 2024 · The livestock industry is constantly threatened by viral disease outbreaks, including infections with zoonotic potential. While preventive vaccination is frequently applied, disease control and eradication also depend on strict biosecurity measures. Clustered regularly interspaced palindromic repeats (CRISPR) and associated proteins …

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Webb10 maj 2024 · Re-assessment proceedings are initiated by issuance of notice u/s. 148 of the Act by the AO within a period of six years from the end of the relevant AY. It is however in interest of state that Finality to assessment must be recognized as matter of principle and reopening should be an exception. Webb23 maj 2024 · However, first proviso of newly substituted section 148 of the Act states that a notice u/s 148 of the Act for reopening the assessment cannot be issued unless the …

Webb11 feb. 2024 · Where the income likely to have escaped amounts to Rs. 1 lac or more, assessment can be reopened upto 6 years from the end of relevant AY 1. Before making any reassessment, the AO is required to ‘record his reasons' for reopening the assessment and serve a notice requiring the assessee to file a tax return.

Webbför 11 timmar sedan · The following is the April 13, 2024, Congressional Research Service report Navy Medium Landing Ship (LSM) (Previously Light Amphibious Warship [LAW]) Program: Background and Issues for Congress. Webb6 juli 2024 · Section 148A – The Assessing Officer Shall, before issuing any notice u/s 148: Conduct an inquiry, if required, with the prior approval of the specified authority, with …

Webb28 apr. 2024 · Hi I just want to ask if the order has been passed u/s 143 (3)...can it be opened again.After receiving notice u/s 148 and thereafter u/s 143 (2) the case has been closed u/s 143 (3) with due diligence and taxes paid.This is in reference to a y 2010-11.I want to know can it be opened again and if yes under what section.Or if it cannot be …

Webbför 2 dagar sedan · CIT Vs Laxman Dass Khandelwal (Supreme Court of India) After filing a return of income u/s 139(1), 139(4), 139(5), 142(1) if income tax authority considers, it is necessary or expedient to ensure that assessee has not understated the income or has not computed excessive loss or has not under-paid the taxes in any manner, shall […] chill spot grand caymanWebbSection 149 of the Income Tax Act, provides that the notice under section 148 could be issued within a period of 4 years from the end of relevant AY (assessment year) in case … gracie happy birthdayWebb14 sep. 2024 · 2 . The assessee has taken the following grounds of appeal:- "1.The Income Tax officer has erred on facts and in law in levying .... 2. The Commissioner of Income Tax (Appeals) has erred on facts and in laws in confirming the penalty of Rs. 5,000/- u/s 271F of...Act, 1961 showing NIL demand was issued to the assessee.4. Before us, the Ld. … gracie hair braidingWebb31 juli 2024 · This study presents a combined process modeling—Life Cycle Assessment (LCA) approach for the evaluation of green Cr2O3 ceramic pigments production. Pigment production is associated with high calcination temperatures, achieved through the combustion of fossil fuels. Therefore, it is necessary to evaluate its environmental … gracieheartsxoWebb29 apr. 2024 · Beneath section 148 of the act reopening notice invalid if the officer who has given the notice varied from the officer who had recorded the causes and the assessment deserved to be cancelled on an alone basis. Complete Text … chill spot cayman islandsWebbBased on the information received, the Assessing Officer having satisfied himself has initiated reopening 5 ITA No.3075/Del/2024 Arun Duggal proceedings u/ s 148 of the Income Tax Act, 1961 and issued notice as per the provisions of the Act after tak ing due approval from the competent authorities u/s 151. chill spotify playlist coversWebbför 2 dagar sedan · Bombay High Court held that initiation of re-assessment proceedings in violation of the procedure prescribed under section 148A (b) of the Income Tax Act i.e. … gracie haschak facebook