Taxpayers in India are receiving notices from the Income Tax department for old tax demands, some dating back more than 15 years, that have already been paid and closed. Many taxpayers are confused as they no longer have the payment receipts or rectification orders to prove they have paid the taxes. The errors are believed to be a result of the department migrating to a new system.
The Income Tax (I-T) Department has moved the Bombay High Court to challenge an appellate tribunal order in favour of the Life Insurance Corporation (LIC) in two major tax dispute cases involving a cumulative amount of Rs 4,993 crore.
The Income Tax (I-T) Department has filed an appeal before the Bombay High Court against the order of the I-T Tribunal allowing relief to Mahindra & Mahindra on various disallowances and additions to the tune of Rs 194.73 crore made by the .
The Income Tax (I-T) Department has moved the Bombay High Court to challenge an appellate tribunal order in favour of the Life Insurance Corporation (LIC) in two major tax dispute cases involving a cumulative amount of Rs 4,993 crore.The Income .
The Income Tax (I-T) Department has filed an appeal before the Bombay High Court against the order of the I-T Tribunal allowing relief to Mahindra & Mahindra on various disallowances and additions to the tune of Rs 194.73 crore made by the department.