Co-operative credit society deduction on bank deposit interest upheld where funds were business funds and income remained attributable to member credi...
Transfer pricing benchmarking and receivables adjustments remanded: segmental financials need proper scrutiny, and foreign-currency interest must trac...
The case pertains to a delay of two days in filing the Return of Income and Form 10-IC due to technical difficulties on the Income Tax Portal. The Chartered Accountant provided evidence of the technical issues faced. The Revenue did not dispute the bona fide nature of the delay. Applying the principles established in the Jyotsna Mehta case, the High Court directed the Respondents to condone the delay in filing the return, considering the delay was minimal and wholly bona fide.
The case pertains to a delay of two days in filing the Return of Income and Form 10-IC due to technical difficulties on the Income Tax Portal. The Chartered Accountant provided evidence of the technical issues faced. The Revenue did not dispute the bona fide nature of the delay. Applying the principles established in the Jyotsna Mehta case, the High Court directed the Respondents to condone the delay in filing the return, considering the delay was minimal and wholly bona fide.
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