Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Assessment against deceased sole proprietor requires proceedings against the legal representative, rendering prior assessment and appellate orders inv...
Residential waste collection classification under SAC 999423 defeats composite-supply exemption where facilitating goods are not transferred to the lo...
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 
of 4809 
Join Channel 
