https://www.taxtmi.com/article/detailed?id=14745 Form 26AS and AIS are primary data sources for taxpayer profiling; AIS aggregates broad third party data but lacks clear statutory status. Resulting data mismatches and unverified reporting commonly trigger automated notices and reassessment, exposing taxpayers to penalties and prosecution. Courts require verification, reasoned grounds, and opportunity to be heard before assessments based on such data proceed. The article urges statutory recognition of AIS, time bound redressal, centralized dispute resolution, reporting entity accountability, and practitioner-led reconciliation to safeguard due process. en-us Thu, 03 Jul 2025 09:05:47 +0530 Thu, 03 Jul 2025 09:05:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14745 Form 26AS and AIS are primary data sources for taxpayer profiling; AIS aggregates broad third party data but lacks clear statutory status. Resulting data mismatches and unverified reporting commonly trigger automated notices and reassessment, exposing taxpayers to penalties and prosecution. Courts require verification, reasoned grounds, and opportunity to be heard before assessments based on such data proceed. The article urges statutory recognition of AIS, time bound redressal, centralized dispute resolution, reporting entity accountability, and practitioner-led reconciliation to safeguard due process. Articles Income Tax Thu, 03 Jul 2025 09:05:47 +0530 https://www.taxtmi.com/article/detailed?id=14745