Maintainability of a Section 7 insolvency petition against a financial service provider denied; appeal dismissed for non maintainability and complex d...
Provisional attachment under Prevention of Money Laundering Act requires exhaustion of statutory remedies; impugned order set aside, appeal to tribuna...
Restoration of property under Prevention of Money Laundering Act after attachment dispute rendered academic; possession directed to successful resolut...
Goods Transport Agency services via e commerce portals: consignment note creates custody and liability and enables exemption for unregistered recipien...
A registered educational trust could not have its expenditure claim rejected solely because Form 10B was filed late and the expenditure details were not reflected in the return. The ITAT treated the lapse as procedural, held that such requirements should advance justice rather than defeat a lawful claim, and accepted that the belated audit report could be taken into account. It directed the Assessing Officer to reconsider the claim after taking Form 10B on record and after giving due opportunity in accordance with natural justice. The impugned order was set aside and the matter remanded for fresh adjudication.
A registered educational trust could not have its expenditure claim rejected solely because Form 10B was filed late and the expenditure details were not reflected in the return. The ITAT treated the lapse as procedural, held that such requirements should advance justice rather than defeat a lawful claim, and accepted that the belated audit report could be taken into account. It directed the Assessing Officer to reconsider the claim after taking Form 10B on record and after giving due opportunity in accordance with natural justice. The impugned order was set aside and the matter remanded for fresh adjudication.
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