Unlawful outward remittances via Hawala using proforma invoices and electronic records proved; documents admitted, directors penalised, penalties redu...
Attachment of equivalent-value properties as proceeds of crime upheld; preventive attachment order and confirmation sustained; no independent ED reinv...
Broker trading-system "technical glitch" redefinition and narrowed incident-reporting regime for large IBT/STWT brokers requiring 2-hr notice and 14-w...
Page of 4821
Press 'Enter' after typing page number.
7241 to 7260 of 96408 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 under the tax regime was granted where...
Condonation of Delay: directoral disputes and pending company proceedings can constitute reasonable cause, allowing a belated return to be treated as a valid return.
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 under the tax regime was granted where internal directoral disputes and pending company-law proceedings before the NCLT delayed finalisation of accounts; the court held those circumstances constituted reasonable cause for a 169-day delay and set aside earlier refusals. Supporting documents for the NCLT proceedings were accepted as proof of the impediment, and the court directed the belated filing to be uploaded and treated as a valid return under the statutory provision for treated returns, permitting filing within four weeks and reopening the e filing window.
Condonation of delay under the tax regime was granted where internal directoral disputes and pending company-law proceedings before the NCLT delayed finalisation of accounts; the court held those circumstances constituted reasonable cause for a 169-day delay and set aside earlier refusals. Supporting documents for the NCLT proceedings were accepted as proof of the impediment, and the court directed the belated filing to be uploaded and treated as a valid return under the statutory provision for treated returns, permitting filing within four weeks and reopening the e filing window.
Note: It is a system-generated summary and is for quick reference only.