Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
Condonation of delay in filing income tax return (ITR) - Rejection of application made u/s 119(2)(b) - The High court found that the PCIT's order lacked reasoning and did not fulfill the legislative mandate of Section 119(2)(b) of the Income Tax Act, which is designed to address genuine hardship. The court emphasized the importance of reasoned orders and, citing relevant judicial precedents, set aside the impugned order. The matter was remanded to the PCIT for fresh consideration.
Condonation of delay in filing income tax return (ITR) - Rejection of application made u/s 119(2)(b) - The High court found that the PCIT's order lacked reasoning and did not fulfill the legislative mandate of Section 119(2)(b) of the Income Tax Act, which is designed to address genuine hardship. The court emphasized the importance of reasoned orders and, citing relevant judicial precedents, set aside the impugned order. The matter was remanded to the PCIT for fresh consideration.
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