Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
ITAT adjudicated a tax dispute concerning return filing delay of 02 seconds. The tribunal held that a minimal technical delay of 02 seconds does not invalidate the return filing. Referencing precedent cases involving similar technical glitches, the tribunal determined that the return filed prior to midnight should be considered timely. The CPC's denial of carry forward loss claim was deemed incorrect. The AO was directed to treat the original return as filed within statutory time limits and consider the revised return for income computation. The Revenue's appeal was consequently dismissed, affirming the assessee's right to file returns without punitive consequences for negligible technical delays.
ITAT adjudicated a tax dispute concerning return filing delay of 02 seconds. The tribunal held that a minimal technical delay of 02 seconds does not invalidate the return filing. Referencing precedent cases involving similar technical glitches, the tribunal determined that the return filed prior to midnight should be considered timely. The CPC's denial of carry forward loss claim was deemed incorrect. The AO was directed to treat the original return as filed within statutory time limits and consider the revised return for income computation. The Revenue's appeal was consequently dismissed, affirming the assessee's right to file returns without punitive consequences for negligible technical delays.
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