Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
Page of 4827
Press 'Enter' after typing page number.
141 to 160 of 96536 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Condonation of delay was held appropriate where the taxpayer...
Condonation of Delay: Tribunal directed condonation where rectification proceedings were pursued, ordering merits adjudication after opportunity to be heard.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Condonation of delay was held appropriate where the taxpayer pursued rectification proceedings within time, and the record showed absence of negligence or mala fides; this constituted sufficient cause to admit the appeal for adjudication on merits. The Tribunal set aside the appellate authority's refusal to condone delay and remitted the matter with a direction to condone the delay and decide the appeal on merits after affording the taxpayer a reasonable opportunity to be heard. The operative effect is reinstatement of the appeal for merits consideration due to adequate cause for delay.
Condonation of delay was held appropriate where the taxpayer pursued rectification proceedings within time, and the record showed absence of negligence or mala fides; this constituted sufficient cause to admit the appeal for adjudication on merits. The Tribunal set aside the appellate authority's refusal to condone delay and remitted the matter with a direction to condone the delay and decide the appeal on merits after affording the taxpayer a reasonable opportunity to be heard. The operative effect is reinstatement of the appeal for merits consideration due to adequate cause for delay.
Note: It is a system-generated summary and is for quick reference only.