CBDT makes more changes in jurisdiction of Income tax Authorities.
CBDT, in supersession of Notification No.23/2021 has specified 3827 Income Tax Authorities of Assessment Units that shall exercise the powers and functions of Assessing Officers concurrently, to facilitate the conduct of Faceless Assessment proceedings under section 144B of the said Act.
Download Notification No. 61/2022 Click Here >>
- Sale of flats in a real estate project held capital gains considering intention of assessee
- Interest liability recognised by journal entries at the close of year, can’t be termed as fictitious – ITAT
- Cash deposits in bank which were immediately transferred to other accounts – addition deleted
- ITAT disallows 6% for alleged bogus purchases being appropriate
- CBDT can’t restrict power of CIT u/s 119(2)(b) to condone delay beyond six years – High Court
