Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
HC allowed the petition challenging the denial of deduction under Section 80P(2)(a)(i). The court found that the tax authority erroneously rejected the society's application to condone a two-day delay in return filing without adequately considering genuine hardship. The respondent failed to recognize the temporary administrative changes and ignored the CBDT circular providing discretionary powers to condone minor delays. The HC directed the respondents to pass a fresh order within twelve weeks, condoning the two-day delay and processing the income return, thereby enabling the petitioner to claim the statutory deduction.
HC allowed the petition challenging the denial of deduction under Section 80P(2)(a)(i). The court found that the tax authority erroneously rejected the society's application to condone a two-day delay in return filing without adequately considering genuine hardship. The respondent failed to recognize the temporary administrative changes and ignored the CBDT circular providing discretionary powers to condone minor delays. The HC directed the respondents to pass a fresh order within twelve weeks, condoning the two-day delay and processing the income return, thereby enabling the petitioner to claim the statutory deduction.
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