Oct 22, 2019
A Notice under section 143(2) is a chance provided by the Income Tax Department to defend them and clear out the irregularities with the supporting.
seen from China
seen from United States
seen from China
seen from Poland
seen from Azerbaijan
seen from Italy
seen from Russia
seen from Peru
seen from Belarus
seen from Singapore
seen from United States
seen from Germany
seen from Singapore
seen from United States
seen from Singapore
seen from Germany
seen from United States
seen from United States
seen from Norway
seen from United States
A Notice under section 143(2) is a chance provided by the Income Tax Department to defend them and clear out the irregularities with the supporting.
The ITAT Mumbai in the case of Sumanlata Bansal( PAN- AAHPB0141N) vs. the Assistant Commissioner of ...
The ITAT Mumbai held that issue of notice under section 143(2) is not mandatory before making an assessment under section 153A of the Income Tax Act in the case of Sumanlata Bansal( PAN- AAHPB0141N) vs. the Assistant Commissioner of Income Tax, Central Circle 8 Mumbai, ITA nos. 525 to 530 relating to the assessment years 1999-2000 to 2005-2006.
The Income Tax department selects some returns for scrutiny assessment with the help of Computer Assisted Scrutiny System under the provisions of section 143(3) of the Income Tax Act based on some regulations framed by the CBDT.
We found that Notice by Assessing Officer not valid if issued in the name of an amalgamated company in the recent case of Ms. Images Credit and Portfolio Ltd. vs. ACIT (ITAT Delhi).
Section 148 provides some particular liberties to the revenue regarding the extension of time for serving such notices. Issue of notice prior to that date is not considered as a notice on a return filed by the assessee pursuant a notice under section 148 of the Act.
Demand U/s 143(1) by Income Tax Department & Rectification Thereof U/s 154
Demand U/s 143(1) by Income Tax Department & Rectification Thereof U/s 154
CA. Brijesh Baranwal
Income Tax Return filing season for certain class of assessees including individuals not falling under tax audit provisions has just been over and by now the Income Tax Department (the Department) has already started processing of these returns. In fact, return filing and processing thereof are an ongoing process for different class of assessees.
At times, income tax payers…
View On WordPress
CBDT allows issue of Refund Intimation U/s. 143(1) beyond time
Instruction No. 18th/ 2013, dated the 17th of December, 2013
Subject: – Issue of Intimation under section 143(1) of Income-tax Act, 1961 beyond time-regarding.
Several instances have come to the notice of the Board Where due to certain technical or other…
View Post
Assessment completed without issue of notice u/s. 143(2) was invalid
Admittedly the petitioner had filed returns of income pursuant to the notice under section 147/148 by letter dated November 19, 2009 adopting its earlier returns under section 139(1) of the Act and the notice under section 143(2) was issued only on…
View Post