Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
A 13-day delay in filing Form 10-IC for the concessional regime under section 115BAA was condoned because the delay was short, arose from undisputed circumstances linked to the death of the group founder/chairman, and was neither deliberate nor mala fide. The Court treated the benefit under section 115BAA as a substantive statutory entitlement and Form 10-IC as only the procedural mode for exercising that option; a procedural lapse could not defeat eligibility where no dispute existed on the substantive conditions. The refusal to condone was quashed for undue technicality, absence of prejudice to the Revenue, and failure to account for disproportionate hardship.
A 13-day delay in filing Form 10-IC for the concessional regime under section 115BAA was condoned because the delay was short, arose from undisputed circumstances linked to the death of the group founder/chairman, and was neither deliberate nor mala fide. The Court treated the benefit under section 115BAA as a substantive statutory entitlement and Form 10-IC as only the procedural mode for exercising that option; a procedural lapse could not defeat eligibility where no dispute existed on the substantive conditions. The refusal to condone was quashed for undue technicality, absence of prejudice to the Revenue, and failure to account for disproportionate hardship.
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