Web10 Apr 2024 · As a result, Notice dated 31.07.2024 issued by Respondent-Assessing Officer under Section 148 of the Income Tax Act, 1961, seeking to reopen the assessment in respect of Assessment Year 2013-14, Order dated 31.07.2024 passed by the Respondent under Section 148A(d) of the Act, and all consequential actions, as may have been taken, … Web17 May 2024 · Section 148 requires that the income tax officer issue a notice to the taxpayer if there is a ‘reason to believe’ by the income tax officer that the taxpayer has …
JUDIS.NIC.IN SUPREME COURT OF INDIA Page 1 of 11 CASE NO.: …
Web23 May 2024 · Analysis of sections 147, 148, 148A, 149 and 151 of the Income Tax Act, 1961 (Act) as substituted vide Finance Act, 2024. Vide Finance Act, 2024, provisions … WebSection 147 to 151 of Income Tax Act 1961 provides for re-assessment or income escaping assessment. Income escaping assessment, commonly called reassessment. If assessing officer has reason to believe that any income chargeable to tag has escaped assessment for any assessment year, he may assess or re- asses such income or re-compute the loss ... the way website
BUDGETARY AMENDMENTS TO THE PROVISIONS RELATING TO …
Web10 Apr 2024 · Limitation for issuance of notice under section 147 of the Act; 6. Merits of the reopening of the assessments; and. 7. Interest ... 1922 and interpretation of Section 6(3) of the Income Tax Act, 1961 are required to be referred to, which are as under: i) In the case of V.V.R.N.M. Subbayya Chettiar (supra), it is observed in paragraph 10 as under: Web31 Mar 2024 · Subsequently, the Taxation & Other Laws (Relaxation & Amendment of Certain Provisions) Act, 2024 codified this Scheme 1 by introducing section 144B in the Income-tax Act, 1961 (IT Act). Section 151A of the IT Act grants powers to the Central Government to make a scheme for assessment, reassessment, or re-computation under section 147 2 of … Web16 May 2024 · Section 147 of Income Tax Act: Assessment of Income Tax Returns. 16 May 2024. Income Tax. The Income Tax Act empowers tax authorities to decide whether the … the way were alto sax