Goods Transport Agency services via e commerce portals: consignment note creates custody and liability and enables exemption for unregistered recipien...
Reverse charge and assignment of royalty collection: exemption for excess royalty collectors subject to reconciliation; leaseholders remain liable und...
The dominant issue was whether rejection of the taxpayer's application under s. 119(2)(b) for condonation of an eight-minute delay in e-filing the return was legally sustainable, resulting in denial of carry-forward of losses. The record showed the tax audit report was uploaded within time and the taxpayer logged into the portal before midnight, with the return uploaded only eight minutes after the deadline. Given the minimal delay and the disproportionate hardship of disallowing substantial carried-forward losses solely for such marginal default, the delay was required to be condoned and the rejection order could not stand; delay condoned. - HC
The dominant issue was whether rejection of the taxpayer's application under s. 119(2)(b) for condonation of an eight-minute delay in e-filing the return was legally sustainable, resulting in denial of carry-forward of losses. The record showed the tax audit report was uploaded within time and the taxpayer logged into the portal before midnight, with the return uploaded only eight minutes after the deadline. Given the minimal delay and the disproportionate hardship of disallowing substantial carried-forward losses solely for such marginal default, the delay was required to be condoned and the rejection order could not stand; delay condoned. - HC
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