Delhi HC dismisses Congress' plea against tax re-assessment by IT authorities
India | March 28, 2024 13:34 ISTEarlier, Congress party had challenged initiation of re-assessment proceedings pertaining to assessment years 2014-15 to 2016-17
Earlier, Congress party had challenged initiation of re-assessment proceedings pertaining to assessment years 2014-15 to 2016-17
A penalty of Rs 5,000 if the refund is completed after the due date specified in section 139(1). However, if the total amount received does not exceed 5 lakhs, the penalty will be Rs 1,000.
According to the CGST Commissionerate, the firm was engaged in availing, utilizing, and passing on a fraudulent Input Tax Credit (ITC) on the bogus invoices of around 100 Crores thereby defrauding the government exchequer.
The Income Tax Department said on Thursday it has seized illegal cash amounting to around Rs 15.50 crore in Mumbai since the Model Code of Conduct for the October 21 Maharashtra assembly elections came into force.
New Delhi, Jan 27: Former BJP president Nitin Gadkari today denied he had threatened income tax authorities but insisted that the raids conducted on some companies allegedly associated with his Purti Group were a part
New Delhi, May 30: The Income Tax authorities will soon send reminder notice to Vodafone and raise demands from other companies to recover similar tax dues, which may yield the exchequer a total of Rs
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