reopen old cases – OnlineTaxUpdate

CBDT guided by a Supreme Court (SC) order issued in April, has sent out comprehensive instructions to tax officials regarding reopening of past cases under the income-tax (IT) Act. The instructions dated August 23 – aimed at ensuring a uniform…

Income Tax in Media

Income Tax Department likely to reopen old cases

byAdmin06/12/202206/12/2022

The Income tax Department is likely to reopen old cases related to land deals and redevelopment where entities tried to escape paying taxes amounting to crores by using the ambit of partnership firms. The Supreme Court (SC) last week plugged…

Tag: reopen old cases

CBDT order provides relief, but Income Tax department may reopen big old cases

Income Tax Department likely to reopen old cases