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Income-tax exemption for specified regulatory fees and government grants applies subject to non-commercial activity and continuing compliance conditio...
Digital accessibility audit and remediation deadlines extended, while all other disability-compliance obligations for regulated entities remain unchan...
Validity of Tax demand - Non consideration of reply submitted by the petitioner / assessee - The High Court found merit in the petitioner's contentions. It quashed the impugned orders and directed the respondent to appropriate 10% of the disputed tax demand from the petitioner's bank account. Additionally, the petitioner was granted three weeks to submit a reply to the show cause notice, and upon satisfaction of the payment and receipt of the reply, the Assessing Officer was directed to provide a reasonable opportunity for further proceedings and issue fresh orders within two months.
Validity of Tax demand - Non consideration of reply submitted by the petitioner / assessee - The High Court found merit in the petitioner's contentions. It quashed the impugned orders and directed the respondent to appropriate 10% of the disputed tax demand from the petitioner's bank account. Additionally, the petitioner was granted three weeks to submit a reply to the show cause notice, and upon satisfaction of the payment and receipt of the reply, the Assessing Officer was directed to provide a reasonable opportunity for further proceedings and issue fresh orders within two months.
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