Bombay high court 148a

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August undefined, 2024

Web2 days ago · Bombay High Court held that initiation of re-assessment proceedings in violation of the procedure prescribed under section 148A (b) of the Income Tax Act i.e. … WebJan 23, 2024 · 23 Jan 2024 4:05 AM GMT. Whatsapp. The Bombay High Court ruled that issuing a reassessment notice after four years is subject to the approval of the Principal Chief Commissioner of Income-tax ...

Reopening Of Income Tax Assessment Can

Webbeen issued under Section 148A of the Act as substituted by the Finance Act, 2024 and construed or treated to be a show-cause notice in terms of Section 148A (b) of the Act. The Central Board of Direct Tax (CBDT) issued Instruction No.1/2024 dated 11.05.2024 for implementation of the aforesaid judgment passed by the Apex Court. 2.4. molloy university bowling

[Income Tax Act] Bombay High Court quashes tax reassessment …

WebJun 14, 2024 · Draft Reply to letter u/s 148A(b) regarding 148 in consequence to Hon’ble Supreme Court Order dated 4.5.2024. ... In this regards attention is invited towards the … WebApr 10, 2024 · 2.5 On 10th July, 1990, following the search conducted on 15th March, 1990 at the premises of M/s Rattan Gupta & Co., CA at Daryaganj, New Delhi, notices were issued by the Assistant Commissioner of Income Tax (for short, 'ACIT') (Investigation), Circle 7 (1), New Delhi to each of the assessees under Section 148 of the Act, in respect … WebHon'ble Bombay High Court Income Tax Act, 1961 A.Y. 2013-14 Section 148 notice dated 31st July, 2024 relevant to the Assessment Year 2013-14 issued under Section 148 of the Income Tax Act ... molloy university edd program

WRIT PETITION No. 18940 of 2024 Between:-

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WebSep 6, 2024 · The Chhattisgarh High Court while presiding over 4 petitions upheld the validity of the section 148 notices issued between March 1, 2024 to June 30. ... Section 148A came in between which required certain obligations to be performed by the Assessing Officer, therefore without giving any opportunity of hearing the notice under Section 148 … WebNov 1, 2024 · Caveat petition is filed under Section 148 of the Civil procedure Code. Caveat generally means “a warning or caution, beware”. It is a popular term which is used in Law to point out that there could be a hidden problem to warn someone. In Law, it is understood as formal notice or warning given by an interested party to a court, judge, or ... molloy university family weekend 2022WebApr 1, 2024 · The Bombay High Court bench of Justice K.R. Shriram and Justice N.J. Jamadar has quashed the ... there was no requirement to follow the procedure laid down … molloy university employee email

"WebMay 23, 2024 · Insertion of Explanation 3 came up for consideration before Hon’ble Bombay High Court in the case of CIT vs Jet Airways (I) Ltd [331 ITR 236 Bom] … " - Bombay high court 148a

Bombay high court 148a

Whether Section 148-A CPC applies to writ petitions filed ... - SCC …

WebNov 14, 2024 · The Madhya Pradesh High Court recently observed that a writ petition filed against a show cause notice issued by the authorities under Section 148A(b) of the Income Tax Act is not maintainable. ... WebApr 1, 2024 · Prakash Tatoba Toraskar Vs ITO (Bombay High Court) - Prakash Tatoba Toraskar Vs ITO (Bombay High Court) In this case initial notice under Section 148 was …

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WebFeb 14, 2024 · The Bombay High Court has set aside a revenue department notice issued to Tata Sons Ltd back in 2010 to reopen its income-tax assessment for 2003-04, ending … WebBombay High Court. 1800 (275) 1868 (1) 1874 (1) 1875 (23) 1876 (49) 1877 (63) 1878 (40) 1879 (3)

WebDec 31, 2024 · Sharmeen Hakim. 31 Dec 2024 8:00 AM GMT. From Bollywood to politics, 25 important judgements and happenings in the Bombay High Court from 2024. 1. … WebApr 1, 2024 · The Bombay High Court bench of Justice K.R. Shriram and Justice N.J. Jamadar has quashed the ... there was no requirement to follow the procedure laid down under Section 148A of the Income Tax Act ...

WebIN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION WRIT PETITION NO.9835 OF 2024 Prakash Krishnavtar Bhardwaj …. Petitioner Versus 1. Income Tax Officer, Ward 2(1) ... 148A of the Act, rejecting the petitioner’s submission and holding the petitioner’s case to be one fit for issuing notice u/s.148 of the Act. WebApr 9, 2024 · By ANADI VARMA. Executive Summary. A landmark ruling in Divya Capital One (P.) Ltd. v.ACIT [2024] 445 ITR 436 (Delhi) has resulted in the concept of ‘’information’’ in the new reassessment proceedings back to being haunted by ‘’reason to believe’’.The revenue officials ,unable to comprehend and defend a fine concept which was part of the …

Web2 days ago · Bombay High Court held that initiation of re-assessment proceedings in violation of the procedure prescribed under section 148A (b) of the Income Tax Act i.e. without supplying requisite material is bad in law and liable to be set aside. Facts- The Petitioner challenges the notice under Section 148 of the Income Tax Act, 1961 (“the Act ...

WebThe Hon’ble Bombay High Court in the case of Piramal Enterprises Ltd. v. ACIT [2024] 129 taxmann.com 18 (Bom) (HC) held that where during assessment proceedings show … molloy university application portalWebMar 14, 2024 · When filing the caveat at the High Court, an affidavit shall be submitted to the petition; Fees prescribed by the court; Format of Caveat Application. Memorandum of Caveat Petition (Under Section 148-A and … molloy university businessWebHigh Court of Bombay: Reassessment proceedings under section 148 of Income-tax Act, 1961 cannot be initiated merely for verification of the information reflected on the Insight Portal. Only after the Assessing Officer has duly verified the information reflected on the Insight Portal, he is vested with the power to initiate reassessment proceedings. molloy university financial aid officeWebJul 15, 2024 · Notice issued under section 148 without complying with the provisions of section 148A is challenged before the Calcutta High Court in the case of Bagaria Properties and Investments Private Limited vs. … molloy university family weekendWebPunjab and Haryana High Court in the case of CIT vs Avtar Singh6 which held that service of notice under section 148 is a condition precedent for making reassessment or re-computation under section 147 of the Act. 8. In our view, before issuing the notice under section 148A (b) it was imperative for the AO to have checked if there was a change ... molloy university campus mapWebMar 2, 2024 · The Bombay High Court has held that the reopening of Income Tax Assessment cannot be allowed on grounds of future contingencies. The division bench of Justice N.J.Jamadar and Justice K.R.Shriram ... molloy university enrollmentWebJun 19, 2024 · A single judge of the Hon'ble Bombay High Court (S.J. Kathawalla, J.) (Court) in Reliance General Insurance Co v Colonial Life Insurance Co (Comm Suit No. 29 of 2013) has held that the mandatory timeline of 120 days for filing a written statement in a commercial suit, would not apply to suits filed prior to the enactment of the Commercial … molloy university employment