New Delhi, April 14 -- The month of March saw authorities issue a flurry of income-tax show-cause notices. These assessments mean more hustles and hassles for the taxpayers.
tax assessment proceedings, assessing officers (AO) get a full nine months to issue information-seeking notices to scrutinize and verify the claims of expenses, deductions, and incomes as declared by taxpayers in their income tax returns (ITRs).
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However, recently concluded assessments for the fiscal year 2022-23 suggest that a major part of this nine-month period was spent in hibernation, followed by the sudden onslaught of final show-cause notices issued close to the 31 Marc...
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