Government water works contract GST concession applied before its withdrawal, while contractual tax reimbursement claims lay outside advance-ruling sc...
Stamp valuation increases after registration-fee payment led to deletion of property-purchase addition within tolerance and without valuation referral...
Capital Asset Conversion Requires Proven Business Stock Treatment; Paper Consideration in Spousal Flat Transfers Does Not Create Taxable Business Inco...
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The HC condoned the delay of 799 days by the petitioner in filing Form 9A u/s 119(2)(b) of the Income Tax Act. Despite the delay being bona fide, the Assessing Officer rejected the belated filing on hyper-technical grounds without considering the petitioner's justification letters. The HC held that dissuading belated filing can be counterproductive and where sufficient cause for delay is explained, it ought to be condoned to uphold the object and purpose of tax laws. Consequently, the petitioner's delay supported by sufficient cause was condoned.
The HC condoned the delay of 799 days by the petitioner in filing Form 9A u/s 119(2)(b) of the Income Tax Act. Despite the delay being bona fide, the Assessing Officer rejected the belated filing on hyper-technical grounds without considering the petitioner's justification letters. The HC held that dissuading belated filing can be counterproductive and where sufficient cause for delay is explained, it ought to be condoned to uphold the object and purpose of tax laws. Consequently, the petitioner's delay supported by sufficient cause was condoned.
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