NFAC cannot Invoke Section 144B of Income Tax Act based on Failure to Lodge claim within Time Stipulated: Delhi HC [Read Order]

Delhi HC rules NFAC cannot invoke Section 144B of Income Tax Act based on failure to lodge claim within time stipulated
By Kalyani B. Nair - On April 19, 2024 2:00 pm - 2 mins read
NFAC - Invoke - Income Tax Act - Failure to Lodge claim - Time Stipulated - Delhi HC - taxscann

In a recent decision the Delhi High Court ruled that the National Faceless Assessment Centre ( NFAC ) cannot invoke Section 144B of the Income Tax Act, 1961 based on failure to lodge claim within time stipulated. The challenge is essentially mounted on the basis of Section 31 of the Insolvency and Bankruptcy Code, 2016,…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader