Just a moment...

Report
FeedbackReport
Bars
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Tribunal Accepts Corrected Form 35A, Validates Expenses in Residential Property Sale, Overturns Procedural Rejection.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Disallowance as per order u/s 144C - default in filling of form 35A - The appellant filed a corrected Form No. 35A. The Tribunal ruled that this correction did not constitute filing beyond the time limit, and thus upheld the appellant's contention. - On the issue of disallowed expenses, the Tribunal noted that the appellant had provided sufficient evidence to demonstrate the legitimacy of the claimed expenses related to the sale of a residential property. The assessing officer's rejection of these expenses solely based on procedural grounds was deemed unjustified. Consequently, the Tribunal directed the assessing officer to review the supporting documents and allow the expenses accordingly.....