INCOME TAX ORDER टैक्सपेयर की यह भूल बाद में सुधारी नहीं जा सकती ! ASSESSMENT

Описание: INCOME TAX ORDER टैक्सपेयर की यह भूल बाद में सुधारी नहीं जा सकती ! ASSESSMENT

Assessment by Transferred AO is Valid; Assessee’s Jurisdictional Challenge is Time-Barred. https://www.taxheal.com/138-of-2023-2...

Summary
This video from the channel CA SATBIR SINGH discusses a critical income tax case law regarding a mistake taxpayers often make during assessments, which cannot be rectified later [00:00]. The case involves a taxpayer who was assessed by an Income Tax Officer (ITO) different from the one who issued the initial notice [00:25].

The taxpayer challenged the assessment, arguing that the Assessing Officer (AO) who completed the proceedings lacked jurisdiction [00:39], as the taxpayer's place of business was different from the residential address listed in their PAN database [00:46]. Despite this, the High Court ruled the assessment was valid [02:08]. The key reason was that the taxpayer had participated in the assessment proceedings without raising an objection to the AO's jurisdiction at that time [01:55].

The video warns taxpayers to always verify the jurisdiction of the officer who issues an income tax notice [02:27] and to file an objection immediately (preferably within one month) if it is incorrect [02:44]. It also emphasizes the importance of keeping your address updated in the PAN database to avoid such complications [03:13].


Income Tax, Income Tax Order, Tax Assessment, Assessing Officer, Income Tax Jurisdiction, Taxpayer Mistake, Income Tax Notice, CA Satbir Singh, Tax Compliance, PAN Database, High Court Judgment, Tax Law, Income Tax Act, Tax Appeal, Tax Update, Finance, Tax Planning,

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