INCOME TAX NOTICE करदाता आपत्ति दर्ज करा सकता है INCOME TAX ORDER LATEST UPDATE
INCOME TAX NOTICE करदाता आपत्ति दर्ज करा सकता है INCOME TAX ORDER LATEST UPDATE
Daily Archives: November 6, 2025
Late Filing of Audit Report Not Fatal if Done During Set-Aside Proceedings.
Late Filing of Audit Report Not Fatal if Done During Set-Aside Proceedings. Issue Can a charitable trust be denied the exemption under Section 11 on the procedural ground of delay in furnishing the audit report, if the said report is filed during “set-aside” (remanded) assessment proceedings? Facts The assessee-trust, duly registered under Section 12A, was… Read More »
ICAI mandate Peer Review for CA Firms –Phase IV to be effective from January 1, 2026
Dear Professional Colleague, Your kind attention is drawn to Phase IV of the Peer Review Mandate which is as follows: Peer Review Mandate – Phase IV: Practice Units which propose to undertake audits of branches of Public Sector banks: For these Practice Units, there is a pre-requisite of having Peer Review Certificate OR Practice… Read More »
INCOME TAX ORDER टैक्सपेयर की यह भूल बाद में सुधारी नहीं जा सकती ! ASSESSMENT
INCOME TAX ORDER टैक्सपेयर की यह भूल बाद में सुधारी नहीं जा सकती ! ASSESSMENT
Reassessment Quashed as AO Failed to Follow Mandatory Section 148A Procedure Post-Amendment.
Reassessment Quashed as AO Failed to Follow Mandatory Section 148A Procedure Post-Amendment. Issue Whether reassessment notices issued under Section 148 are legally valid if the Assessing Officer fails to comply with the mandatory pre-notice procedures under Section 148A (such as providing information and affording an opportunity to object), as required by law. Facts The Assessing… Read More »
Assessment by Transferred AO is Valid; Assessee’s Jurisdictional Challenge is Time-Barred.
Assessment by Transferred AO is Valid; Assessee’s Jurisdictional Challenge is Time-Barred. Issue Is an assessment order legally valid if it is passed by an Assessing Officer (AO) to whom jurisdiction was transferred “by operation of law” (due to a notification) after the initial notice was issued by a different AO? Is a taxpayer’s challenge to… Read More »
ITR REFUND PROCESSING पूरा रिफंड नहीं मिलेगा TAX PAYER को लगा झटका ! INCOME TAX LATEST UPDATE
ITR REFUND PROCESSING पूरा रिफंड नहीं मिलेगा TAX PAYER को लगा झटका ! INCOME TAX LATEST UPDATE
GSTAT: 18% Interest on Anti-Profiteering Amounts is Prospective
GSTAT: 18% Interest on Anti-Profiteering Amounts is Prospective Issue: Whether the provision for imposing 18% interest on amounts determined as profiteered under the Goods and Services Tax (GST) anti-profiteering rules can be applied retrospectively to cases of profiteering that occurred before the effective date of the relevant rule amendment. Facts: The Directorate General of… Read More »
Deadline Alert: PAN Deactivation Looms on January 1, 2026
Deadline Alert: PAN Deactivation Looms on January 1, 2026 Issue: To warn taxpayers about the mandatory requirement set by the Central Board of Direct Taxes (CBDT) to link their Permanent Account Number (PAN) with their Aadhaar number to prevent the deactivation of their PAN. Facts: The Permanent Account Number (PAN) is a crucial identifier… Read More »
GST Cuts Fuel Two-Wheeler Sales; Car Market Struggles with Supply
GST Cuts Fuel Two-Wheeler Sales; Car Market Struggles with Supply Issue: To analyze the differential impact of the Goods and Services Tax (GST) rate rationalization and the festive season on the two-wheeler and four-wheeler segments in the automotive market, noting the reasons for the uneven recovery. Facts: The GST rate cut was declared and… Read More »