https://www.taxtmi.com/caselaws?id=440711 The ITAT Rajkot allowed the appeal in a case concerning late filing of Form 27C by an assessee engaged in trading brass scraps. The ITAT emphasized the importance of the declaration in Form 27C and noted the absence of a specified time limit for filing. The lower authorities' decision to treat the assessee as a defaulter was set aside due to their failure to verify the form. The appeal was partly allowed, directing the Assessing Officer to verify the form and proceed accordingly, with the overall appeal allowed for statistical purposes. en-us Wed, 19 Jul 2023 00:00:00 +0530 Mon, 24 Jul 2023 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440711 The ITAT Rajkot allowed the appeal in a case concerning late filing of Form 27C by an assessee engaged in trading brass scraps. The ITAT emphasized the importance of the declaration in Form 27C and noted the absence of a specified time limit for filing. The lower authorities' decision to treat the assessee as a defaulter was set aside due to their failure to verify the form. The appeal was partly allowed, directing the Assessing Officer to verify the form and proceed accordingly, with the overall appeal allowed for statistical purposes. Case-Laws Income Tax Wed, 19 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440711