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...
Credit of TDS - Non-reflection of TDS credit in its 26AS statement - The Appellate Tribunal acknowledged the genuine hardship faced by the appellant - While recognizing the technical constraints, the Tribunal suggests that the Assessing Officer should find a solution to address the appellant's hardship. The Tribunal directs the AO to verify the facts of the case and consider resorting to the provisions of Section 119 of the Income Tax Act, allowing the appellant to address its grievance through proper application.
Credit of TDS - Non-reflection of TDS credit in its 26AS statement - The Appellate Tribunal acknowledged the genuine hardship faced by the appellant - While recognizing the technical constraints, the Tribunal suggests that the Assessing Officer should find a solution to address the appellant's hardship. The Tribunal directs the AO to verify the facts of the case and consider resorting to the provisions of Section 119 of the Income Tax Act, allowing the appellant to address its grievance through proper application.
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