Asset seized u/s 132A  on the spot liable to penalty u/s 217AAA and or 271[1][c] ?  

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CBDT notified the e-Assessment of Income Escaping Assessment Scheme, 2022 vide Notification No. 18 on 29.03.2022 and accordingly notice u/s 148 to be issued through automated allocation, in accordance with risk management strategy formulated by the Board as referred to in section 148 of the Act. My query is about validity of proceedings where Jurisdictional Assessing Officer issued notice u/s 148. Kindly guide. Thanks

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Respected team, An assessee purchased a property in 2020 for  a value much below the stamp duty value of the document and the  value  exceeds the limit prescribed under 56(2)(xb).    Department issued notice for invoking provisions of sec 56(2)(xb) of the Act, what is the recourse available to the purchaser of property.

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Can Penalty u/s 271(1)(c) be imposed when the the assessment order does not record the initiation of penalty proceedings.Any caselaws on Section271(1B)?

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The notice us 148 of I.T, Act has been issued on 08.04.22 for the first time for the assessment year 2015-16, as the assessee has deposited more than 50 lakhs during the financial year 2014-15 without issuing notice u/s 148A (b) of the Act. Whether the notice issued is barred by limitation? Is it legal?

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can preference share be valued at NAV ?

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is it possible to search query qua topics on this portal ?

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what is the procedure to shift file from one to other bench of itat if PAN is migrated ? If there is no address in INDIA for NRI If POA is in other city

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Assessee is an individual and his assessment U/Sec. 143(3) was completed for A_Y. 2016-17.  Later on it was reopened U/Sec  147 on the ground that claim of Interest paid and allowed as deudction U/Sec 56 and assessment was completed U/Sec. 147 r.w.s. 143 (3) Assessing at same income which was earlier accepted U/sec  143(3). Again Notice U/Sec. 263 was issued on the ground that claim of interest paid and allowed by the AO is incorrect and therefore order is erroneous and prejudicial to the int of revenue and without appreciation of submission passed the order U/sec. 263 holding order passed by the AO is incorrect and asked the AO to verify the issue of claim of Interest paid. Assessee filed an appeal against the order of CIT before ITAT.  However mean while again AO appreciated the submission and passed the order U/sec. 147.r.w.s.263 r.w.s.143(3) and accepted the claim of the assessee as legally correct and accepted the income as disclosed in the Return of income . Therefore assessee has withdrawn the appeal filed before ITAt against the order of the CIT passed U/Sec  263 on the ground that since the AO has accepted the claim of the assessee and now there is no grivience left. Now PCIT has one more time issued the Notice U/sec. 263 on the same ground that order passed by the AO  . 147.r.w.s.263 r.w.s.143(3) is erroneous and prejudicial to the interst of revenue as in the opinion of PCIT claim of Interest paid as deduction from Interest received is incorrect. Whether Notice U/Sec. 263 issued by PCIT is valid ? Can assessee file the writ before HC against the Notice issued by PCIT U/Sec. 263 of the Act as invalid ab initio  ? Or should wait till passing of order U/Sec 263 ? Pl guide .  

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Can AO ask any details of sales in cash below limits u/s 269ST ? any case law

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