Opportunity to respond to jurisdictional reports is mandatory before customs settlement duty enhancement; connected applications require consistent ad...
Specific customs headings for scaffolding components prevail over general classification, invalidating misclassification proceedings and enabling with...
Liquidator appointment under Section 34 requires consideration of creditor recommendations, valid professional authorisation, and preservation of vali...
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The taxpayer filed an original return which was processed by the CPC. Subsequently, a revised return was filed u/s 139(5) with a self-assessment tax of Rs. 10,820/-. However, the taxpayer again paid self-assessment tax not aligned with either the original or revised return. The CPC did not process the revised return, and rectification was disallowed. The ITAT directed the Assessing Officer to consider the rectification petition without limitation issues. The AO must verify the returns, compute income correctly, and not dismiss the petition solely on limitation grounds. The assessee must furnish relevant evidence. Tax cannot be collected without legal authority, and the assessee's bona fides were evident due to erroneous tax payment.
The taxpayer filed an original return which was processed by the CPC. Subsequently, a revised return was filed u/s 139(5) with a self-assessment tax of Rs. 10,820/-. However, the taxpayer again paid self-assessment tax not aligned with either the original or revised return. The CPC did not process the revised return, and rectification was disallowed. The ITAT directed the Assessing Officer to consider the rectification petition without limitation issues. The AO must verify the returns, compute income correctly, and not dismiss the petition solely on limitation grounds. The assessee must furnish relevant evidence. Tax cannot be collected without legal authority, and the assessee's bona fides were evident due to erroneous tax payment.
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