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![12 Cash Transactions to be reflected in Income Tax Annual information Statement [AY 22-23]](/_next/image?url=https%3A%2F%2Fassets.studycafe.in%2Fuploads%2F2022%2F06%2FSTUDYCAFE-IMAGES-Autosaved-101.jpg&w=3840&q=75)
12 Cash Transactions to be reflected in Income Tax Annual information Statement [AY 22-23]
![53 transactions covered in Annual information Statement/ Taxpayer Information Summary [AY 22-23]](/_next/image?url=https%3A%2F%2Fassets.studycafe.in%2Fuploads%2F2022%2F06%2FSTUDYCAFE-IMAGES-Autosaved-100.jpg&w=3840&q=75)
53 transactions covered in Annual information Statement/ Taxpayer Information Summary [AY 22-23]

Rejection of Books of Account is a Precondition for making Reference to the DVO: ITAT

Penalty cannot be imposed in a case where the assessee has offered the undisclosed income: ITAT

No Penalty u/s 271(1)(c) Imposed when Inadvertent and Bonafide Mistakes committed by assessee: ITAT
