Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
Toy balloon tariff classification: functional heading prevails over residual rubber and festive article headings, supporting penalties for deliberate ...
Customs valuation using comparable contemporaneous imports can displace declared value, while missing speaking orders require pursuit before competent...
Page of 4811
Press 'Enter' after typing page number.
1 to 20 of 96208 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
HC held that CBDT condonation circulars for delayed filing by co-operative societies must be read liberally to relieve genuine hardship, not narrowly through hyper-technical demands for day-to-day explanations. Where the societies were otherwise eligible for deduction and the delay stemmed from audit-related compliance difficulties, the lapse was a procedural default against a substantive entitlement. In the absence of any allegation of tax evasion, the rejection orders were unsustainable. The condonation applications were treated as allowed, and the assessment and appellate authorities were directed to proceed on the footing that the delay in filing the returns stood condoned.
HC held that CBDT condonation circulars for delayed filing by co-operative societies must be read liberally to relieve genuine hardship, not narrowly through hyper-technical demands for day-to-day explanations. Where the societies were otherwise eligible for deduction and the delay stemmed from audit-related compliance difficulties, the lapse was a procedural default against a substantive entitlement. In the absence of any allegation of tax evasion, the rejection orders were unsustainable. The condonation applications were treated as allowed, and the assessment and appellate authorities were directed to proceed on the footing that the delay in filing the returns stood condoned.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
Join Channel 
