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The Calcutta High Court has held that if the provisions of the old regime of Section 148 of the Income Tax Act, including Taxation and other Laws (Relaxation and Amendment of Certain Provisions) Act,...
The Kerala High Court observed that the appellate court has to pass a speaking order by applying its mind for ordering deposit of minimum 20% compensation/fine amount under Section 148 of Negotiable...
An income-tax notice cannot be issued if three years have passed since the end of the relevant assessment year. However, if there is evidence of concealment of income of at least Rs 50 lakh, a notice can be issued beyond three years but within 10 years of the end of the relevant assessment year.
Learn the specifics of why the notice was delivered to you and what it means in light of the areas it refers to.
What happens to the notices which were issued for AY 2013-14 using the extended period of limitation after March 31, 2020, but before the new law came into effect?