Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The HC set aside the order rejecting the petitioner's application under s.119(2)(b) of the Income Tax Act, 1961 for condonation of delay in filing returns. The Court held that authorities should adopt a liberal approach when considering pandemic-related hardships. The petitioner, a private limited company, had cited relocation to their native place during the pandemic and medical issues as reasons for delay. The Court emphasized that delay may be condoned where genuine hardship would result from refusal. The matter was remanded to the second respondent for fresh consideration, with the petitioner permitted to submit supporting documentation.
The HC set aside the order rejecting the petitioner's application under s.119(2)(b) of the Income Tax Act, 1961 for condonation of delay in filing returns. The Court held that authorities should adopt a liberal approach when considering pandemic-related hardships. The petitioner, a private limited company, had cited relocation to their native place during the pandemic and medical issues as reasons for delay. The Court emphasized that delay may be condoned where genuine hardship would result from refusal. The matter was remanded to the second respondent for fresh consideration, with the petitioner permitted to submit supporting documentation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
