Centralised assessment transfer becomes unwarranted once the searched person's assessment is complete, requiring restoration to the appropriate charge...
Co-operative deduction eligibility excludes refund and commercial-bank interest, while qualifying co-operative investments require entity-wise verific...
Enhanced tax rate on surrendered unexplained income applies prospectively, while cash-deposit telescoping requires verification of available surrender...
Delay in filling appeal before ITAT - Delay of 68 days involved in filing of the appeal - The Tribunal noted the substantial delay in filing the appeal and the absence of any application for condonation of delay. Citing precedent, the Tribunal emphasized the importance of providing valid reasons for delay. The Tribunal highlighted that the law regarding limitation must be construed strictly. - ITAT declined to condone the delay and dismissed the appeal as barred by limitation.
Delay in filling appeal before ITAT - Delay of 68 days involved in filing of the appeal - The Tribunal noted the substantial delay in filing the appeal and the absence of any application for condonation of delay. Citing precedent, the Tribunal emphasized the importance of providing valid reasons for delay. The Tribunal highlighted that the law regarding limitation must be construed strictly. - ITAT declined to condone the delay and dismissed the appeal as barred by limitation.
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