Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
HC allowed the petition challenging the rejection of condonation of delay in income tax return filing. The court found the respondent authorities failed to consider that the compensation received was tax-exempt, and the petitioner was entitled to a TDS refund. By invoking Section 119 powers, the court quashed the impugned order, recognizing the legislative intent to prevent unnecessary hardships for assessees in claiming legitimate refunds. The decision emphasizes procedural fairness and taxpayer rights in tax assessment processes.
HC allowed the petition challenging the rejection of condonation of delay in income tax return filing. The court found the respondent authorities failed to consider that the compensation received was tax-exempt, and the petitioner was entitled to a TDS refund. By invoking Section 119 powers, the court quashed the impugned order, recognizing the legislative intent to prevent unnecessary hardships for assessees in claiming legitimate refunds. The decision emphasizes procedural fairness and taxpayer rights in tax assessment processes.
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