WebSection 144 of the Income Tax Act, 1961, talks about the duty of the assessing officer to make the assessment to his best judgment and to determine the tax which the assessee … WebSection-144: Best Judgment Assessment Section 144 (1): If any person— (a) fails to make the return required under sub-section (1) of section 139 and has not made a return or a …
No penalty shall be leviable under section 271C of IT Act for mere ...
Web10 Apr 2024 · The Supreme Court Monday held that no penalty shall be leviable under section 271C of the Income Tax Act over mere belated remittance of the tax deducted at source (TDS) after its... WebProcedure of assessment under section 144 If the conditions given above calling for best judgment are satisfied, then the Assessing Officer will serve a notice on the taxpayer to … pots with roses
Sections 145, 145A and 145B of Income Tax Act, 1961 - CAclubindia
Web2 days ago · Search and seizure operation was conducted under Section 132 of the Act of 1961 on 11.03.2010 at his residential premises. The assessee submitted return of income … Web14 Apr 2024 · The interest earned on Post Office Fixed Deposits (FDs) is taxable under the Income Tax Act, 1961. The interest income is added to the investor’s income and taxed at … WebIncome Tax Appellate Tribunal (ITAT) Delhi in a recent judgment has held that the non-issue of notice u/s 143 (2) of the Income Tax Act, 1961 after filing of the return of the Assessee … touchpad replacement cost