reassessment notices issued under the unamended Section 148 of the Income Tax Act on or after April 1, 2021, will not be deemed to be invalid
Validity of adjustment u/s 143(1)(a) on the basis of views expressed by the tax auditor in tax audit report
Operative part of the Supreme Court justifying section 148 notice issued by the Income Tax Department for reassessment proceeding initiated after 01.04.2021
Additions cannot be made under the Income Tax Act, 1961 on the basis of documents that are declared as ‘dumb documents’
Indian crypto exchanges and custodian wallet providers must maintain KYC data and records of financial transactions for 5 years.
7 noteworthy points of the Supreme Court order justifying reassessment proceeding on the basis of notices issued after 31.03.2021 without complying with the provision of section 148A