A. Amendment
Notification No. 5 of 2024 dt 30.10.2024 – Income tax System
Directorate of Income Tax (Systems), Bengaluru issued Notification no. 5 of 2024 dated 30.10.2024 to specify Forms prescribed in Appendix-II of the Income Tax Rules, 1962, to be furnished electronically under sub-rule (1) and sub-rule (2) of Rule 131 of the Income tax Rules, 1962.
Circular No. 14/2024 dated 30.10.2024
Central Board of Direct Taxes (CBDT) issued Circular No. 14/2024 dated 30.10.2024 to condone the delay under clause (b) of sub-section (2) of section 119 of the Income-tax Act, 1961 for returns of income claiming deductions u/s 80P of the Act for Assessment Year 2023-24.
B. Article
Whether demand Order can be passed without the issuance of SCN?
CA Ritesh Arora
No, the Honorable Himachal Pradesh High Court in the case of M/s. Microtek Himachal Power Products (P.) Ltd. v. State of Himachal Pradesh [CWP No. 5562 of 2023 dated June 26, 2024] disposed the writ petition and directed that the erroneous order passed with the wrong description be treated as Show Cause Notice and be further adjudicated upon after the filing of reply to the deemed SCN.
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