Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
In the ITAT Surat case, the appeal was delayed by 506 days. The issue was whether there was a "sufficient cause" for the delay, as claimed due to the receiver not opening the email with the order. The Chartered Accountant found the rejection while checking the ITBA portal. The Tribunal held that the delay was inexcusable as the assessee showed negligence and lack of diligence. The casual approach towards registration rejection did not constitute "sufficient cause" u/s 253(5) of the Act. The delay was not condoned, making it unnecessary to discuss the case's merits.
In the ITAT Surat case, the appeal was delayed by 506 days. The issue was whether there was a "sufficient cause" for the delay, as claimed due to the receiver not opening the email with the order. The Chartered Accountant found the rejection while checking the ITBA portal. The Tribunal held that the delay was inexcusable as the assessee showed negligence and lack of diligence. The casual approach towards registration rejection did not constitute "sufficient cause" u/s 253(5) of the Act. The delay was not condoned, making it unnecessary to discuss the case's merits.
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