Belated Form 10B filing during Covid-19 cannot defeat charitable exemption where genuine hardship warrants condonation and substantial justice prevail...
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...
Offence under FEMA/FERA - Levy of penalty - Review petition - The case involves allegations of violating foreign exchange regulations regarding securing export value without proper authorization. Penalties were imposed on the appellants and a proforma respondent. Despite multiple opportunities for appeal and review, the appellants failed to comply with orders and continued to file petitions, leading the court to conclude that the appeal was a gross abuse of the legal process.
Offence under FEMA/FERA - Levy of penalty - Review petition - The case involves allegations of violating foreign exchange regulations regarding securing export value without proper authorization. Penalties were imposed on the appellants and a proforma respondent. Despite multiple opportunities for appeal and review, the appellants failed to comply with orders and continued to file petitions, leading the court to conclude that the appeal was a gross abuse of the legal process.
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