If amount of TDS has already been deposited though belatedly, to allow the proceeding u/s 276B/278B will be abuse of process of law – High Court   In a recent judgment/order Hon’ble Jharkhand High Court has quashed criminal proceedings u/s 276B and 278B of the Income Tax Act, 1961 …

No move by Income Tax Department to use Digi Yatra data to track tax evaders Income Tax Department (CBDT) has clarified that some news articles have appeared stating that Digiyatra data will be used to crack down on tax evaders. In this connection it is clarified that as …

Incorrect claim or erroneous claim not willful evasion, in certain circumstances can be erroneous interpretation of law.  In a recent judgment/order Hon’ble Supreme Court dismissed the SLP of the Revenue against the order of Karnataka High Court quashing proceedings u/s 276C of the Income Tax Act, 1961 holding …

Extension of due date for furnishing belated/revised return of income for the Assessment Year 2024-25 CBDT extends due date for furnishing belated/revised return of income for the Assessment Year 2024-25 up to 15.01.2025 F. No. 225/205/2024/ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes Circular No. …

Penalty u/s 272A(2)(c) confirmed on Sub Registrar for non compliance of statutory notice u/s 133(6) calling for information of immovable property. In a recent judgment, ITAT Lucknow has confirmed penalty u/s 272A(2)(c) of the Income Tax Act, 1961 levied on the Sub Registrar for non compliance of statutory …

Extension of due date for determining amount payable under Vivad Se Vishwas Scheme 2024 Circular N o. 20/2024   F. No. 370149/213/2024-TPLGovernment of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes***** New Delhi, dated 30th  December, 2024 Subject: – Extension of due date for determining …