Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
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The ITAT allowed the assessee's claim for proportionate exemption on gratuity and leave encashment received as retirement benefits, recognizing service rendered to the State Government entity from 29.07.1978 to 31.05.2005. The tribunal held that the assessee is entitled to exemption under the relevant provisions for the period of government service despite the assessing officer's initial denial. However, as the jurisdictional AO had not verified the service details, the matter was remitted for fresh verification and examination. The AO is directed to provide the assessee with a reasonable opportunity of hearing and allow the proportionate exemption accordingly. The appeal was disposed of with the grounds allowed for statistical purposes.
The ITAT allowed the assessee's claim for proportionate exemption on gratuity and leave encashment received as retirement benefits, recognizing service rendered to the State Government entity from 29.07.1978 to 31.05.2005. The tribunal held that the assessee is entitled to exemption under the relevant provisions for the period of government service despite the assessing officer's initial denial. However, as the jurisdictional AO had not verified the service details, the matter was remitted for fresh verification and examination. The AO is directed to provide the assessee with a reasonable opportunity of hearing and allow the proportionate exemption accordingly. The appeal was disposed of with the grounds allowed for statistical purposes.
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