CBDT Empowers Commissioner (CPC Bengaluru) to Fix Errors & Issue Tax Demands
CBDT empowers CPC Bengaluru Commissioner to fix tax errors and issue demand notices thru Notification 155/2025, improving refund accuracy and easing taxpayer grievances.
Tag: Assessments
SOP for Recomputation of Income of Suger Cooperatives u/s 155(19)
CBDT prescribes procedure to resolve tax disputes with co-operative sugar factories in India, allowing deductions for sugarcane purchases at or below the government-approved price.
CBDT Procedure on ‘Cases transferred out of Faceless Assessment/ Penalty Proceedings’
CBDT prescribes procedure for handling of assessment/ penalties by Jurisdictional Assessing Officers in cases transferred out of Faceless Assessment/ Faceless Penalty proceedings under the Income-tax Act, 1961. Also CBDT …
Revised IT Section 151: Sanction for issue of notice
Section 151 of the Income Tax Act, 1961 relating to Sanction for Issue of Notice, has been amended/ substituted, by the Finance Act 2021, with effect from AY 2021-22, …
Revised IT Section 149: Time limit for Notice (Reduced from 6 to 3 years)
Section 149 of the Income Tax Act, 1961 relating to Time Limit for Notice has been amended/ substituted, by the Finance Act 2021, with effect from AY 2021-22, to …
New IT Section 148A: Conducting Inquiry, providing Opportunity before Notice u/s 148
New Section 148A of the Income Tax Act, 1961, inserted by the Finance Act 2021, with effect from AY 2021-22, seeks to provide that, before issuing any notice under …
Revised IT Section 148: Issue of Notice where Income has Escaped Assessment
Section 148 of the Income Tax Act, 1961 has been amended/ substituted, by the Finance Act 2021, with effect from AY 2021-22, to provide that, prior to making the …
Revised IT Section 147: Income Escaping Assessment
Section 147 of the Income Tax Act, 1961 has been amended/ substituted, by the Finance Act 2021, with effect from AY 2021-22, to provide that if any income chargeable …
CBDT guidelines on electronic assessments during FY 2019-20
CBDT issues guidelines for conducting electronic assessments during financial year 2019-20 through ‘E-Proceeding’ facility whereby assessees are required to electronically respond to any notice issued by the Assessing Officer …
CBDT Instructions on Assessment Procedure for Electronic (e)-Scrutiny of Cases
CBDT has issued Instructions regarding procedure for conducting e-assessments in scrutiny cases, including the exceptions where the manual scrutiny may be continued, like in the cases relating to search …