Trademark depreciation and section 14A adjustments: ITAT applies consistency, independent book-profit computation, and no disallowance without exempt ...
Rebuttable search presumptions and corroboration standards shaped deletion of unsubstantiated additions, while rental income and limited profit estima...
Condonation of delay was granted where the majority of the 822 day delay fell within the pandemic period excluded by Supreme Court guidance on extension of limitation; the High Court, exercising writ jurisdiction, found no deliberate or culpable indolence and took a pragmatic, lenient view to set aside tribunal orders refusing condonation. The court emphasised that the appellate authority has competence under the appeals regime to examine material and merits when considering condonation and directed that the appeal be restored, with a fresh adjudication allowing the petitioner a personal hearing and one opportunity to adduce evidence for claimed charitable exemption.
Condonation of delay was granted where the majority of the 822 day delay fell within the pandemic period excluded by Supreme Court guidance on extension of limitation; the High Court, exercising writ jurisdiction, found no deliberate or culpable indolence and took a pragmatic, lenient view to set aside tribunal orders refusing condonation. The court emphasised that the appellate authority has competence under the appeals regime to examine material and merits when considering condonation and directed that the appeal be restored, with a fresh adjudication allowing the petitioner a personal hearing and one opportunity to adduce evidence for claimed charitable exemption.
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