News

IT Dept. Slaps a Rs.14 Cr Income Tax Notice to Bihar daily wage labourer

Chartered Accountant and 2 Income Tax Officials sentenced to rigorous imprisonment by CBI Court

Judgement

In the matter of M/s Senthil Murugan Jewellers Pvt Ltd vs DCIT ITAT refused to give condonation on the reason that Delay was because the Chartered Accountant of the assessee company has not advised the assessee to file the appeal.

"CA has not advised to file appeal" No Valid Reason for condoning delay: ITAT

Income Tax Gross Collections for FY 2022-21 upto December 2022 are at Rs. 11,35, 754 crore, compared to Rs. 9,47,959 crore in the corresponding period of the preceding Financial Year i.e FY 2021-22, representing an increase of 19.81%.

Income Tax Gross Collections for FY 2022-21 upto December 2022

The Allahabad High Court sentenced an income tax officer to a week in jail for allowing an outstanding tax demand to remain on the web portal for seven months after it was quashed due to a jurisdictional error.

Refusal to delete Tax Demand on Income Tax Portal: ITO sentenced to Jail for a week by High Court

Trust cannot be denied from benefit u/s 11 just because details of registration were not furnished in ITR: ITAT

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