Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
Toy balloon tariff classification: functional heading prevails over residual rubber and festive article headings, supporting penalties for deliberate ...
Customs valuation using comparable contemporaneous imports can displace declared value, while missing speaking orders require pursuit before competent...
ITAT allowed the assessee's appeal for exemption u/s 10(23C)(vi) for AY 2017-18, determining that the amendment requiring return filing was not applicable during that assessment year. The tribunal found the department's denial of exemption incorrect, noting the assessee's justification for non-filing could not be effectively controverted. The ITAT directed the Assessing Officer to verify and grant the exemption, effectively overturning the lower authorities' decision and providing relief to the assessee based on the specific temporal applicability of the statutory amendment.
ITAT allowed the assessee's appeal for exemption u/s 10(23C)(vi) for AY 2017-18, determining that the amendment requiring return filing was not applicable during that assessment year. The tribunal found the department's denial of exemption incorrect, noting the assessee's justification for non-filing could not be effectively controverted. The ITAT directed the Assessing Officer to verify and grant the exemption, effectively overturning the lower authorities' decision and providing relief to the assessee based on the specific temporal applicability of the statutory amendment.
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