Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
The ITAT considered the delay in filing the appeal of 233 days due to the CA's gross negligence. The CA failed to inform the Society about orders, resulting in a huge outstanding demand. The Society, unaware of orders, only acted after bank accounts were attached. The CA neglected to file appeals timely, causing further issues. The ITAT found the Society not at fault, granting relief for the counsel's negligence. The appeal was allowed for statistical purposes to address the injustice suffered by the assessee.
The ITAT considered the delay in filing the appeal of 233 days due to the CA's gross negligence. The CA failed to inform the Society about orders, resulting in a huge outstanding demand. The Society, unaware of orders, only acted after bank accounts were attached. The CA neglected to file appeals timely, causing further issues. The ITAT found the Society not at fault, granting relief for the counsel's negligence. The appeal was allowed for statistical purposes to address the injustice suffered by the assessee.
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