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External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The Central Board of Direct Taxes exercised powers under section 119 of the Income-tax Act, 1961 to relax time limits for processing electronically filed income tax returns that were previously condoned for late filing under section 119(2)(b). The Board directed that valid returns filed electronically by 31.03.2024 pursuant to delay condonation orders, where intimation deadlines under section 143(1) had lapsed due to technical issues, shall now be processed with intimations sent by 31.03.2026. This relaxation excludes cases where assessment, reassessment, or revision proceedings have been completed for the relevant assessment year. Refunds with applicable interest will follow processing, except where PAN-Aadhaar linkage is absent. The order addresses grievances regarding non-receipt of refunds due to unprocessed returns.
The Central Board of Direct Taxes exercised powers under section 119 of the Income-tax Act, 1961 to relax time limits for processing electronically filed income tax returns that were previously condoned for late filing under section 119(2)(b). The Board directed that valid returns filed electronically by 31.03.2024 pursuant to delay condonation orders, where intimation deadlines under section 143(1) had lapsed due to technical issues, shall now be processed with intimations sent by 31.03.2026. This relaxation excludes cases where assessment, reassessment, or revision proceedings have been completed for the relevant assessment year. Refunds with applicable interest will follow processing, except where PAN-Aadhaar linkage is absent. The order addresses grievances regarding non-receipt of refunds due to unprocessed returns.
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