Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
HC allowed the petition challenging CIT(E)'s rejection of delay condonation for Form 10B filing. The court held that while "genuine hardship" may not have a broad interpretation, authorities must exercise discretionary powers judiciously when an assessee establishes legitimate circumstances preventing timely compliance. The HC directed CIT(E) to issue an order condoning the thirty-day delay in filing Form 10B for Assessment Year 2022-23, finding the original rejection erroneous and emphasizing that administrative powers must be exercised with due consideration of substantive hardship.
HC allowed the petition challenging CIT(E)'s rejection of delay condonation for Form 10B filing. The court held that while "genuine hardship" may not have a broad interpretation, authorities must exercise discretionary powers judiciously when an assessee establishes legitimate circumstances preventing timely compliance. The HC directed CIT(E) to issue an order condoning the thirty-day delay in filing Form 10B for Assessment Year 2022-23, finding the original rejection erroneous and emphasizing that administrative powers must be exercised with due consideration of substantive hardship.
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