Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Time limit for verification of return of income after uploading at CPC - The Notification No. 2 of 2024, issued by the CBDT, Directorate of Systems, Bengaluru, addresses the critical procedural aspect of income tax return (ITR) verification within the Indian taxation framework. This notification amends and clarifies the time limits associated with the verification of ITRs post their electronic submission. It draws its authority from Rule 14 of the Centralised Processing of Returns Scheme, 2011, supplementing the previous Notification No. 05 of 2022.
Time limit for verification of return of income after uploading at CPC - The Notification No. 2 of 2024, issued by the CBDT, Directorate of Systems, Bengaluru, addresses the critical procedural aspect of income tax return (ITR) verification within the Indian taxation framework. This notification amends and clarifies the time limits associated with the verification of ITRs post their electronic submission. It draws its authority from Rule 14 of the Centralised Processing of Returns Scheme, 2011, supplementing the previous Notification No. 05 of 2022.
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