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Here's a comprehensive guide on the real reasons behind tax notices issued after property purchases and the right steps to handle them.

Planning to Buy a Property? Know Why You May Get an Income Tax Notice and How to Deal With It

Tribunal rules that vague and non-specific penalty notices invalidate the levy; AO must clearly state specific charge.

Tribunal Holds That Investment Was Properly Recorded in Books and Fully Explained; Section 69 Could Not Be Invoked

Taxpayers can easily pay their taxes, including advance tax, self-assessment tax and other direct taxes through UPI.

The ITAT Mumbai holds that an NRI’s property investment was fully explained through a complete Dubai to India fund trail, quashing the section 69

Court held that the appellant’s failure to file applications under Sections 37-A or 38 within 30 days barred any later challenge