Web6 Apr 2024 · The matter pertains to the application of Section 153C of the Income Tax Act, which provides the revenue department the power to proceed against third parties and … Web10 Apr 2024 · Gujarat High Court held that issuance of notice for reassessment under section 148 of the Income Tax Act beyond the period of six years from the end of the relevant assessment year is barred by limitation. Facts- In the present petition filed under Article 226 of the Constitution, the petitioner has called in question the notice dated …
Section 153C Assessment cannot be based on Presumption: ITAT …
Web10 Apr 2024 · “Whether the amendment brought to Section 153C of the Income Tax Act, 1961 vide Finance Act, 2015 would be applicable to searches conducted under Section … Web7 Apr 2024 · Leave a Comment. The Supreme Court on Thursday held that the amendment brought to Section 153C of the Income-tax Act, 1961 will apply retrospectively to searches conducted prior to June 1, 2015, the date of the amendment. Setting aside the Gujarat High Court’s 2024 judgment that held to the contrary, a bench led by Justice MR Shah, while ... graph f x 4x+2
Validity of Assessment notice under section 153C ... - The Tax Talk
Web31 Oct 2024 · Income Tax - Validity of Assessment u/s 153C - Notice issued by any... Income Tax Validity of Assessment u/s 153C - Notice issued by any officer other than jurisdictional AO - the entire conspectus of the case, it appears that the AO had recorded the satisfaction note prior to assuming jurisdiction over the case of the assessee as the AO … WebAmendment of section 153B X X X X Extracts X X X X. → Full Text of the Document. X X X X Extracts X X X Xafter clause (ii), the following clause shall be inserted with effect from the 1st day of October, 2014, namely:- (iia) the period commencing from the date on which the Assessing Officer makes a refe ..... Web"Search both Seizure", the origin of these provisions will in a few yearning celebrate its golden jubilee. It was since 1956 that that provisions of search and seizure made its primary entry into the Income Tax Deed. Section 132 was totally substituted by the Finance Act, 1964. After section 132 underwent an with overhaul in the year 1976, to committees had … chips shops