Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
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Condonation of delay requires sufficient cause, but appeals raising matters requiring examination on merits should not be excluded solely because of a technical limitation. The material explains that a pedantic refusal to consider reasons for delay may undermine merits-based adjudication, particularly where the assessee challenged denial of exemption during processing under section 143(1). Applying this approach, the delayed appeals were treated as deserving condonation, the refusal was set aside, and the matters were restored to the Commissioner (Appeals) for determination on merits.
Condonation of delay requires sufficient cause, but appeals raising matters requiring examination on merits should not be excluded solely because of a technical limitation. The material explains that a pedantic refusal to consider reasons for delay may undermine merits-based adjudication, particularly where the assessee challenged denial of exemption during processing under section 143(1). Applying this approach, the delayed appeals were treated as deserving condonation, the refusal was set aside, and the matters were restored to the Commissioner (Appeals) for determination on merits.
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