Limitation for consequential assessments runs from prescribed authority receipt, while verified purchases cannot be disallowed merely for unanswered s...
Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarif...
Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation ...
AMP expenditure for own business is not an international transaction without an associated-enterprise arrangement, eliminating transfer pricing adjust...
Customs valuation must use comparable contemporary imports, while confiscation fines and penalties require proportionate recalculation on reassessed v...
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Deduction under 80JJAA could not be denied on limitation where the return of income and Form No. 10DA were filed on 30.11.2018, the due date recorded in the statutory intimation. The Tribunal found that the appellate authority had wrongly assumed the due date under section 139(1) was 31.10.2018, and that assumption led to an erroneous disallowance. As the filing was within the recorded due date, the statutory condition for rejection was not breached. The deduction was held allowable and the Assessing Officer was directed to allow the claim.
Deduction under 80JJAA could not be denied on limitation where the return of income and Form No. 10DA were filed on 30.11.2018, the due date recorded in the statutory intimation. The Tribunal found that the appellate authority had wrongly assumed the due date under section 139(1) was 31.10.2018, and that assumption led to an erroneous disallowance. As the filing was within the recorded due date, the statutory condition for rejection was not breached. The deduction was held allowable and the Assessing Officer was directed to allow the claim.
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