Tax deduction compliance and payee income recognition govern consultancy disallowance, while no exempt income prevents related expenditure disallowanc...
Derivative abetment liability fails when correctly declared imported components establish no underlying improper importation by the principal importer...
Page of 4800
Press 'Enter' after typing page number.
601 to 620 of 96000 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The HC held that even if an assessee commits an error, it can be examined u/s 264 of the Act, which has a wide scope. The revision authority cannot decline consideration merely because the assessee made a mistake. The HC found the reasons given for not entertaining the application u/s 264 unjustifiable. It held that the revision authority erred in rejecting the application without considering the applicable SRO values on the dates of agreement and registration, as claimed by the assessee. The HC allowed the writ petition, setting aside the impugned order and remanding the matter to the revision authority for fresh consideration in accordance with the law.
The HC held that even if an assessee commits an error, it can be examined u/s 264 of the Act, which has a wide scope. The revision authority cannot decline consideration merely because the assessee made a mistake. The HC found the reasons given for not entertaining the application u/s 264 unjustifiable. It held that the revision authority erred in rejecting the application without considering the applicable SRO values on the dates of agreement and registration, as claimed by the assessee. The HC allowed the writ petition, setting aside the impugned order and remanding the matter to the revision authority for fresh consideration in accordance with the law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4800
Join Channel
TaxTMI 
