Revisional power in block assessment upheld, undisclosed search income sustained, freight suppression addition restored, accrued lorry hire liability ...
Reassessment and fee-for-technical-services classification: reopening upheld, but certain reimbursements and mobilization charges fell outside treaty ...
Section 80P deduction for co-operative societies remains available despite nominal members and housing society status, with limited interest income tr...
Whether a charitable exemption can be claimed in an updated return filed after the original due date but within the belated-return period is dispositive: the tribunal applied the principle that an updated return filed within the time permissible for belated returns permits claiming exemption, and therefore the exemption claim could not be denied solely for being in an updated return; the tribunal followed prior precedent and set aside the lower authority's order, allowing the assessee's grounds.
Whether a charitable exemption can be claimed in an updated return filed after the original due date but within the belated-return period is dispositive: the tribunal applied the principle that an updated return filed within the time permissible for belated returns permits claiming exemption, and therefore the exemption claim could not be denied solely for being in an updated return; the tribunal followed prior precedent and set aside the lower authority's order, allowing the assessee's grounds.
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