Supreme Court: Joint Disciplinary Proceedings Not Mandatory in Cases Involving Multiple Officers  ||  Supreme Court: Transferred Students Cannot Claim Government Fees After College Loses Recognition  ||  Supreme Court: Arbitration Clause Applies When Earlier Agreement is Imported “Body and Soul”  ||  J&K&L High Court: Seasonal Labourers Cannot Be Regularised Amid Government’s Blanket Ban  ||  Delhi High Court: Silence Amid Sustained Vilification May Undermine Public Confidence In Judiciary  ||  Calcutta HC Stays Eastern Railway Eviction Drive Affecting Around 6,000 Slum Dwellers Near Station  ||  J&K&L HC: Repeated Arrests U/S 107 Crpc After UAPA Bail Can be Fresh PSA Detention Grounds  ||  Del HC: Arrest Memo Listing Only Reasons Cannot Substitute Person-Specific Grounds of Arrest  ||  SC: Hostile Witness Testimony Can Support Acquittal as Well, Not Only Conviction  ||  SC: Appointing Candidates on Contract Against Advertised Regular Posts is Patently Illegal    

CBDT Reduces Time Limit to Re-open Income Tax Assessments - (07 Dec 2021)

DIRECT TAXATION

Central Board of Direct Taxes (CBDT) has reduced the Time limit to re-open Income Tax assessment from 6 years to 3 years. The assessment can be reopened up to 10 years, only when there is evidence of concealment of income of more than Rs. 50 Lakhs in a year with approval of e Principal Chief Commissioner of Income Tax.

Tags : CENTRAL BOARD OF DIRECT TAXES   RE-OPEN INCOME TAX ASSESSMENTS  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved