Issuance of Time-Barred Income Tax Notices: Ex-ICAI President Ved Jain grills Income Tax Dept

Former ICAI President Ved Jain raised concerns over the issuance of time-barred income tax notices by the Income Tax Department. Jain criticized the department for sending notices after the expiry of the statutory period, which is against the principles of fair taxation and legal procedure. He argued that such practices undermine taxpayer confidence and lead to unnecessary litigation. Jain's critique calls for stricter adherence to legal timelines in tax administration to avoid harassment of taxpayers and ensure transparency and fairness in tax proceedings.