Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
Delay in issuing Refund under Direct Tax Vivad Se Vishwas Scheme 2020 - interest on delayed refund - Despite the issuance of Form No. 5, the refunds for the Assessment years 2010-11 and 2012-13 were not promptly processed, leading to grievances from the petitioner. - The High Court examined the circumstances and precedent, noting that the delay in issuing refunds was not adequately explained by the department. Relying on the principles established in the Tata Chemicals case, the court concluded that the petitioner was entitled to interest on the delayed refunds.
Delay in issuing Refund under Direct Tax Vivad Se Vishwas Scheme 2020 - interest on delayed refund - Despite the issuance of Form No. 5, the refunds for the Assessment years 2010-11 and 2012-13 were not promptly processed, leading to grievances from the petitioner. - The High Court examined the circumstances and precedent, noting that the delay in issuing refunds was not adequately explained by the department. Relying on the principles established in the Tata Chemicals case, the court concluded that the petitioner was entitled to interest on the delayed refunds.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4830 
Join Channel 
