Taxblock
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NOTICE If any person is receiving notice then they need to act on the notice. Recently CBDT which is known as Central Board of Direct Tax has launched the scheme that is termed as Centralized Communication Scheme, the scheme says that all the communication shall be made in electronic mode. The
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FAQ :
The Centralized Communication Scheme, launched by the CBDT, mandates that all communication from tax authorities will be made in an electronic mode.
The article mentions notices under Section 143(2) for regular assessment scrutiny, Section 148 for income escaping assessment, Section 245 for set-off of refund against tax payable, and Section 142(1) for inquiry before assessment.
Appeals can be filed to the Commissioner if aggrieved by an assessing officer's order, to the Tax Appellate Tribunal if aggrieved by the Commissioner's order, to the High Court on a question of law if aggrieved by the Tax Appellate Tribunal, and finally to the Supreme Court if aggrieved by the High Court's order.
The power to revise an order passed by an assessing officer lies with the Principal Commissioner or Commissioner, provided they have reasons to believe the order was erroneous.
A revision of an Income Tax order must be made within two years from the date the order was passed. Certain periods, like time for re-hearing or court stays, are excluded from this calculation.
Authorities such as the Principal Director General of Income Tax, Principal Commissioner of Income Tax, Additional Director, and Joint Director of Income Tax are empowered to issue orders for search and seizure.
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