Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
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The HC allowed the petitioner to rectify the mistake under section 154 by filing the income tax return in the name of her deceased husband as his legal representative under section 159 for AY 2014-15, thereby claiming the TDS credit on his salary income. The CPC was directed to process the return expeditiously without raising limitation objections, and the limitation for filing the return was waived. The court recognized that failure to adjust the TDS against the late husband's tax liability would result in unjust enrichment of the Revenue. The petition was disposed of accordingly, and the notice was discharged.
The HC allowed the petitioner to rectify the mistake under section 154 by filing the income tax return in the name of her deceased husband as his legal representative under section 159 for AY 2014-15, thereby claiming the TDS credit on his salary income. The CPC was directed to process the return expeditiously without raising limitation objections, and the limitation for filing the return was waived. The court recognized that failure to adjust the TDS against the late husband's tax liability would result in unjust enrichment of the Revenue. The petition was disposed of accordingly, and the notice was discharged.
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