TaxTMI 
TaxTMI 
2025 (6) TMI 891
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....eferred to as the "Act"), dated 05.06.2023 for Assessment Year 2021-22. 2. Grounds taken by the assessee are reproduced as under: "1. Under facts and circumstances of the case the Learned Commissioner of Income Tax (Appeal) has erred in not allowing carry forward of entire current year business loss amounting to INR 1,04,57,56,800 which was claimed by the Appellant in its ROI and as reflected in ITR-V 2. Under facts and circumstances of the case the Learned Commissioner of Income Tax (Appeal) erred in facts and in law by granting only partial credit of prepaid taxes to the extent of INR 2,41,28,920 as against INR 7,02,91,070 duly reflected in Form no. 26AS for the captioned year and as claimed by the Appellant in its RO....
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....elated return u/s. 139(4) of the Act. Further, vide such return of income, assessee declared a net business loss of Rs. 1,04,57,56,800/- resulting into Nil taxable income and claimed credit of prepaid taxes amounting to Rs. 7,02,91,067/- that was duly reflected in Form No. 26AS for the captioned Assessment Year, resulting into refund due of Rs. 7,02,90,070/- to the assessee. Subsequently, the return of income was processed and an intimation was issued u/s. 143(1) of the Act dated 26.07.2022, wherein the credit of prepaid taxes allowable to the assessee was restricted to Rs. 2,27,32,121/-. Further, the refund determined in this regard amounting to Rs. 2,37,93,118/- was adjusted against the outstanding demand for Assessment Year 2020-21 on 08....
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.... the Digital Signature Certificate (DSC) of the authorised signatory which resulted in a delay of 28 minutes in filing the return within the due date u/s. 139(1) of the Act. The email is reproduced below: 4.1. In support of the above email, assessee has also furnished screen shots for the technical glitches faced by it. 5. We have considered the submission made before us along with documentary evidences placed on record. Assessee has elaborately explained the technical difficulty faced by it and all the possible steps taken by it to resolve the same for filing the return within the prescribed due date u/s. 139(1) but failed, resulting into a delay of 28 minutes in filing the return. Considering the facts on record and the bonafide har....
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....ntracting and Engineering Corporation ('Company") for AY 2021-22, the Company had been trying to register the Digital Signature Certificate ('DSC') of Ms Smita Joshi, holding PAN : AIFPJ1173L, authorised signatory since 9:30 pm ISD ('Indian Standard Time') on March 15, 2022, however was unable to register due to technical glitches on the portal. Only once the DSC of Authorised Representative is registered, that the DSC of the Company can be registered. However, the Company could not register the same. Screenshot of the error has been attached here. After relentless trials for registering DSC on the portal, the Company filed an e-grievance submitting the error screenshot and attaching the Income Tax Return in this regard on March 15, 2022 re....