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 …

Exemption u/s 11 denied on filing wrong ITR-5 instead of ITR-7 by mistake. A genuine and inadvertent mistake by filing ITR-5 instead of ITR-7 as a trust needs to be considered in its proper prospective – ITAT In a recent judgment, ITAT while remanding the case held that …

Reopening notice u/s 148A quashed as assessee’s reply was not visible on e-filing portal due to technical glitch In a recent judgment the Hon’ble High Court has quashed the reopening notice issued u/s 148A of the Income Tax Act, 1961 (the Act). as assessee’s reply was not visible …

GSTN announces launch of revamped e-invoice master information portal . Enhanced E-Invoicing Initiatives & Launch of Enhanced https://einvoice.gst.gov.in portal 1.  GSTN on occasion of one year of the successful going live with the additional five new IRP portals, the e-invoice master information portal, and the e-invoice QR Code Verifier …

Assessee while removing defect u/s 139(9) can not revise income originally returned. A corrected return does not have an independent existence and only aids to validate the original return of income filed by the assessee In a recent judgment ITAT has quashed the demand raised by CPC holding …

Letter of an ITO is not an appealable order before Commissioner (Appeals) u/s 246A – ITAT In a recent judgment ITAT has dismissed the appeal of the assessee holding that Letter of an ITO is not an appealable order for the purpose of Section 246A of the Act. …