Income tax refund delay scam: As fraudsters target taxpayers with fake tax delay messages, I-T Department issues alert

.The Income Tax Department has revealed that these fraudulent messages often contain minor spelling errors and fake links designed to appear genuine. The I-T Department has asked citizens to verify ...
Tax Guru

ITAT Bangalore Deletes Section 271FAA Penalty for SFT Delay

The ITAT Bangalore held that penalty under Section 271FAA cannot be imposed mechanically where delay in filing the correction statement of financial transactions (Form 61A) is caused by genuine ...