Proceedings u/s 148
Webb12 apr. 2024 · Vol. 149/4/1,442. After more than a decade of development delays, the littoral combat ship (LCS) is showing some usefulness in the fleet. But despite this progress, it remains a troubled program. The program is a favorite punching bag when it comes to examples of waste and failure. 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
Proceedings u/s 148
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Webb29 aug. 2024 · Background of this case law: Ministry has amended section 148 of the Income Tax Act, wherein new procedure and time lines were defined under the Income Tax Act to conduct re-assessment proceedings. The new procedure was made effective from 01.04.2024. However, Income Tax department had still issued notice u/s 148 after … WebbHave you received sec 148 notice How to respond to notice issued u/s 148 Explanation & solution Vidhi & Shubham 2.88K subscribers Join Subscribe 118 7.3K views 1 year ago ConsultancyAdda...
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. WebbWhere an assessment was completed u/s 148 at Nil income , when section 263 proceedings is initiated, can assessee plead that revision is not maintainable because reopening /underlying assessment itself is invalid on account of: a) Lack of valid notice u/s 148; (say 148 notice issued to dead person; 148 notice by non jurisdictional AO)
Webb9 maj 2024 · The assessee filed objections for initiating proceedings u/s 147/148. The assessee categorically stated that the reasons recorded were not based on relevant material and credible information. It was further stated that assessee had not sold any property for the sale consideration recorded by the AO. Webb29 mars 2024 · Further the time limit to issue notice u/s 148 is mentioned under section 149 of the Income tax act. Till now i.e. before Finance Act, 2024, reassessment proceedings could be initiated for past 4 years and if the income escaping assessment is above Rs. 1 lakh then in that case assessment could be opened for upto 6 years.
Webb29 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 …
Webbför 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. … ireland embassy near meWebb4 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 … ireland employee prsi rates 2021WebbBased 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. ireland emblemWebb5 apr. 2024 · It is a basic need of the provisions of law that definite finding is required to be recorded by the AO for reaching to a conclusion with regard to concealment of income or furnishing of inaccurate particulars of income and without any such findings, there can not be any question of imposition of any penalty u/s 271 (1) (c) of the Act. order lenses with insuranceWebbAt para-24 of the judgment their Lordship has held that Section 143 (2) was applicable to a proceedings u/s 147/148 also, since proviso to section 148 of the Act, granted certain specific liberties to the revenue, with regard to extension of time for serving such notices. ireland employer ni rateWebb16 aug. 2024 · A notice u/s 148 of the of the Income Tax Act, 1961 (the Act) was issued and served on assessee, based on the information found during the search. Subsequently, the reasons for reopening were also communicated to the assessee based on … ireland embassy usaWebb28 juli 2024 · The procedure under section 148A, in a way, takes care of the ‘reason to believe’ as the order under section 148A (d) to the effect that the case is fit for issuance … ireland energy crisis winter