Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Genuine hardship in delayed revised-return filings is addressed in relation to refunds of tax deducted at source from ex gratia compensation received under the BSNL Voluntary Retirement Scheme. The text states that consistent Tribunal relief for similarly placed retirees, where those decisions had attained finality, required a pragmatic and liberal approach to condonation. It records that rejection of condonation without due consideration of those decisions was quashed, with fresh merits consideration after permitting revised returns.
Genuine hardship in delayed revised-return filings is addressed in relation to refunds of tax deducted at source from ex gratia compensation received under the BSNL Voluntary Retirement Scheme. The text states that consistent Tribunal relief for similarly placed retirees, where those decisions had attained finality, required a pragmatic and liberal approach to condonation. It records that rejection of condonation without due consideration of those decisions was quashed, with fresh merits consideration after permitting revised returns.
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