Flawed IT reassessment notices quashed
The tax department’s capricious plan to harass taxpayers by extending the validity of a tax provision by 3 months was grounded in the so-called Relaxation Act of 2020
Source: telegraphindia.com
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UAE: Bounced cheque cases decriminalised – what happens to old cases?
“Can I get my visa renewed even if there was a bounced cheque case filed?”
Source: gulfnews.com
FPJ Legal: Bombay High Court stays operation started by income tax officer to reopen old assessment
A vacation bench of Justices Shahrukh Kathawalla and Milind Jadhav was urgently moved by one Brij Mohan Jindel challenging a notice issued by the assessment officer in June this year, seeking to reopen the assessment for the year 2013-2014.
Source: freepressjournal.in
Asia Pacific Tax Newsletter December 2021
On 5 September 2021, the Chinese Communist Party (“CPC”) Central Committee and State Council jointly issued the Master Plan of the Development of the…
Source: lexology.com
Delhi HC Again Quashes Re-assessment Notices Issued Under Section 148 after 1st April
In a significant relief to thousands of taxpayers, a division bench of the Delhi High Court has asked the Income Tax (I-T) department to quash all notices issued under section 148 of the I-T Act after 1 April 2021.
Source: moneylife.in