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The Economic Times
The Economic Times
Business
Anshika Jain

Canada-based senior citizen faced income tax liability of ₹83.2 lakh as STCG; here's why he wins at ITAT Bengaluru on technical ground

Getting an income tax notice can be stressful, especially when you face a big tax bill and live in another country. But what happens when the income tax department doesn’t give you enough time to respond to the notice as the law requires?

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) recently examined this issue in a case involving a taxpayer living in Canada. The tribunal found that the Assessing Officer (AO) had failed to provide the minimum response time required by law to respond to the notice and quashed the reassessment proceedings.

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