Day: February 27, 2024

What is registered e-mail address of assessee for issuance of notice u/s 148A(b)? Allahabad High Court explains, quashes re-assessment proceedings for notice sent to wrong email id. In a recent judgment, Hon’ble Allahabad High Court has explained the provisions of section 144B in determining the registered e-mail address …

Creditworthiness proved when agricultural income not accepted by the Department in toto but the portion not accepted treated income from other sources In a recent judgment, ITAT has held that when agricultural income returned by partners was accepted albeit under different head of income, there can be no …

Taxman notices mismatches in interest & dividend income reported in ITRs of FY 2021-22 & 2022-23. Taxpayers advised to submit response, may be followed by notices The Income Tax Department has identified certain mismatches between third party information on interest and dividend income, and the Income Tax Return …