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Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
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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