Articles for Section 148 Of

Madras HC rules JAO has exclusive powers to issue notice under Section 148 of Income Tax Act
4 days, 8 hours ago

Madras HC rules JAO has exclusive powers to issue notice under Section 148 of Income Tax Act

New Indian Express  

He also stated that the notices served to the petitioner company fulfilled the three requirements of AAS, risk management strategy formulated by the board and the faceless manner, which provides for online proceedings. The judge said, “As far as the issuance of notice under Section 148 of IT Act is concerned, only the JAO will have exclusive jurisdiction.” He ruled, …

Income Tax Notice Pan Section 148 Jao Section 148 Of
PCIT Can Grant Sanction U/s 151 For Issuing Reopening Notice U/s 148 Even After Expiry Of Four Years From End Of Relevant AY: Mumbai ITAT
10 months, 2 weeks ago

PCIT Can Grant Sanction U/s 151 For Issuing Reopening Notice U/s 148 Even After Expiry Of Four Years From End Of Relevant AY: Mumbai ITAT

Live Law  

The Mumbai ITAT recently reiterated that a notice can be issued u/s 148 of the Income Tax Act, 1961, even after the expiry of limitation period, if the sanction for same has been granted by the Principal Commissioner of Income Tax. Baskaran observed that “the sanction granted under section 151 of the Act was found to be improper as the …

Mumbai Income Tax Sanction Notice Act Bench Four Years
Writ Petition Against Show Cause Notice Issued U/S 148A(b) Of Income Tax Act Not Maintainable: Madhya Pradesh High Court
2 years, 1 month ago

Writ Petition Against Show Cause Notice Issued U/S 148A(b) Of Income Tax Act Not Maintainable: Madhya Pradesh High Court

Live Law  

The Madhya Pradesh High Court recently observed that a writ petition filed against a show cause notice issued by the authorities under Section 148A of the Income Tax Act is not maintainable. Section 148A provides for a show cause notice to be issued to the assessee, asking as to why a notice for income escaping assessment may not be issued …

Court Income Tax Act Show Cause Notice Case Notice Petition Authorities
PCIT Failed To Recorded Satisfaction Under His Signature Prior To Issuance Of Reassessment Notice By AO: Allahabad High Court
2 years, 3 months ago

PCIT Failed To Recorded Satisfaction Under His Signature Prior To Issuance Of Reassessment Notice By AO: Allahabad High Court

Live Law  

The Allahabad High Court has held that the Principal Commissioner of Income Tax has not recorded satisfaction under his signature prior to the issuance of a reassessment notice by the Assessing Officer under Section 148 of the Act, 1961. The petitioner/assessee submitted that on the basis of an alleged digital approval under Section 151, the assessing officer issued notices to …

Notices Officer Act Recorded 148 His Signature Satisfaction
Mere Digitally Signing On Notice Contemplated U/S 148 Income Tax Act Won't Amount To Issuance Of Notice: Allahabad High Court
2 years, 9 months ago

Mere Digitally Signing On Notice Contemplated U/S 148 Income Tax Act Won't Amount To Issuance Of Notice: Allahabad High Court

Live Law  

The Allahabad High Court has recently held that mere digitally signing the notice as contemplated under Section 148 of the Income Tax Act is not the issuance of notice and that the notice needs to be sent/dispatched to the income tax assessee through paper or electronic devices and when it is so sent, that day would be considered as the …

Tax Court Income Notice Act Electronic Issued
S.148 NI Act | Requirement To Deposit Minimum 20% Of Fine In Appeal Against Conviction U/S 138 Is Mandatory: Rajasthan HC
2 years, 9 months ago

S.148 NI Act | Requirement To Deposit Minimum 20% Of Fine In Appeal Against Conviction U/S 138 Is Mandatory: Rajasthan HC

Live Law  

The Rajasthan High Court observed that if modal auxiliary verbs or imperative words such as 'may', 'should' etc. The court dealt with the question whether the usage of word 'may' in section 148 of Negotiable Instruments Act provides a discretion to the Court to impose or not to impose the condition of depositing minimum 20% of the fine amount. "Had …

Court Fine Act Petitioner 148 Section 148 Section 148 Of The Act
Taxation Relaxation Act Doesn't Sanction Applying Repealed Provisions : Madras HC Sets Aside Reassessment Notices U/S 148 Of Old Income Tax Act
2 years, 10 months ago

Taxation Relaxation Act Doesn't Sanction Applying Repealed Provisions : Madras HC Sets Aside Reassessment Notices U/S 148 Of Old Income Tax Act

Live Law  

The Madras High Court has recently set aside a number of reassessment notices issued under the 1961 Income Tax Act by iterating that the Taxation Relaxation Act, 2020 only extends the period of limitation and not the application of repealed provisions in light of the amended provisions effective from 1st April, 2021.The first bench of Acting Chief Justice Munishwar Nath …

Relaxation Tax Court Income Tax Income Tax Act Notices High