The time frame for verifying an income tax return (ITR) has been shortened by the Central Board of Direct Taxes (CBDT) from 120 days to 30 days. For ITRs submitted on or after August 1, 2022, the 30-day time limit reduction is in effect. This was disclosed by the CBDT in a notification sent out […]
Vishnu Srinivasa Rao Kakarla Vs ITO (ITAT Visakhapatnam)[Appeal No I.T.A. No.93/Viz/2023] The case of Vishnu Srinivasa Rao Kakarla Vs ITO revolves around the issue of limited scrutiny and the jurisdiction of the Assessing Officer (AO) to verify cash withdrawals. The appeal was filed against the order of the Commissioner of Income Tax (Appeals) by the […]
Dhiru Realestates Private Limited Vs ITO (Delhi High Court) The Delhi High Court recently set aside an income tax notice in the case of Dhiru Realestates Private Limited Vs ITO. The Court ruled that the Assessing Officer had made allegations that did not feature in the original notice, undermining the legitimacy of the proceedings. This […]
Mukesh Padamchand Sogani vs Assistant Commissioner of Income Tax [ITA No.29/PUN/2022] Where a sum of Rs. 8.21 lakhs was duly deducted at source by the employer from salaries credited/paid to the assessee for the year under consideration, the benefit of such tax deducted at source had to be allowed in intimation under section 143(1), notwithstanding […]