Arrest safeguards and transit remand requirements invalidated detention following inter-State transfer without communicated grounds or magistrate auth...
Arrest safeguards require disclosed grounds, relative intimation and transit remand, while duplicate prosecution under the CGST framework is unsustain...
Document Identification Number defects can invalidate GST assessments, with delayed challenges entertained conditionally where patent irregularities e...
Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Genuine hardship in seeking condonation for delayed filing of...
Genuine hardship in belated Form 10 filings requires justice-oriented consideration, enabling accumulation exemption claims where prescribed investments are established.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Genuine hardship in seeking condonation for delayed filing of Form No. 10 must receive meaningful, justice-oriented consideration where denial would defeat an accumulation claim despite investment of surplus in prescribed modes. CBDT Circular No. 7/2018 permits Commissioners to admit belated applications for the relevant assessment year if reasonable cause is established and accumulated funds satisfy the prescribed investment condition. The notes state that the condonation power under section 119(2)(b) advances substantial justice, while allowing consideration of unexplained or deliberate delay. On the stated facts, rejection of condonation was quashed and the delay was directed to be condoned, enabling the section 11 exemption claim.
Genuine hardship in seeking condonation for delayed filing of Form No. 10 must receive meaningful, justice-oriented consideration where denial would defeat an accumulation claim despite investment of surplus in prescribed modes. CBDT Circular No. 7/2018 permits Commissioners to admit belated applications for the relevant assessment year if reasonable cause is established and accumulated funds satisfy the prescribed investment condition. The notes state that the condonation power under section 119(2)(b) advances substantial justice, while allowing consideration of unexplained or deliberate delay. On the stated facts, rejection of condonation was quashed and the delay was directed to be condoned, enabling the section 11 exemption claim.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4780
Join Channel
TaxTMI 
