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Supreme Court uses extraordinary powers to uphold I-T dept. issues
... at different high courts. Nearly 90,000 reassessment notices were issued by the I-T department in India and about 9,000 appeals were filed in various high courts, some of which are pending or the bench has ruled against the department, according to Rakesh Nangia , chairman, Nangia Anderson India. The tax department issued these notices under Section 148, alleging improper disclosure of income for the period prior to the last three assessment years. In an unprecedented move, the division bench of justices ...
Updated: 05/05/2022
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