Web1 Jul 2024 · (a) Section 148 of the Income Tax Act 1961: “ Issue of Notice where income has escaped assessment” The erstwhile Section 148 of the Income Tax Act’1961 has been substituted by a distinct Section 148 viz. “Issue of Notice where … Web14 Jul 2024 · The newly substituted Section 148 of the Income Tax Act, provides that before making the assessment, reassessment or re-computation under section 147, and subject to the provisions of section 148A, the Assessing Officer shall serve on the assessee a notice, along with a copy of the order passed, if required, under clause (d) of section 148A ...
Highways Act 1980 - Legislation.gov.uk
Web4 May 2024 · Reassessment notices issued under the old regime should be treated as issued as per new requirements, the apex court said. ... Last year, the government introduced Section 148A which laid down certain other requirements before a reassessment notice can be issued—a pre-notice inquiry if required, prior approval from senior officers in the ... Web23 May 2024 · (i) Notice issued u/s 148 during the period from 01-04-2024 to 30-06-2024 under old law should be treated as a notice issued u/s 148A (b) issued under new law. (ii) The necessity of inquiries u/s 148A (a) is dispensed with as it is not mandatory under new law. It is only at the discretion of the AO. The dispensing of inquiries is one time measure. black fairy png
Section 148A of Income Tax Act: Scope, Specifics
Web14 Mar 2024 · It has to send a preliminary letter under the newly introduced section 148A of the I-T Act that the assessee's information has been flagged for a certain assessment period. Experts See A Silver Lining The assessee has to be told that his information has been picked out by the Directorate of Income Tax (Systems) as 'high-risk VRU (variable ... Web18 Apr 2024 · Section 148A: Safeguards to Assessee. The captioned section is added to codify the requirement of providing the copy of information to assessee that suggests … Web12 May 2024 · Fresh notices under section 148 can be issued under section 149 (1) (a) of the new law as they are within the period of three years from the end of the relevant assessment year. 6. Separate instruction shall be issued in respect of AY 2013-14, AY 2014-15 and AY 2015-16 where the alleged income escaped is less than Rs. 50 Lakh. black fake flowers