The issue was whether a notice issued before filing of return satisfies Section 143(2) requirements. The Tribunal held such notice is invalid, rendering the assessment void ab initio.
The Tribunal restored appeals dismissed for non-prosecution, citing pandemic-related disruption and sufficient cause. It directed fresh adjudication while imposing costs on the assessee.
This guide explains eligibility, documentation, and application steps for claiming tax exemption under Section 80-IAC. It highlights that only DPIIT-recognized startups meeting strict criteria can avail the benefit.
The article explains how safe harbour rules simplify transfer pricing compliance. It highlights that eligible transactions are accepted without scrutiny if conditions are met.
The article explains how GST refunds are calculated under IDS using Rule 89(5). It clarifies that only input goods ITC is eligible, not input services.
The issue involved challenge to a GST demand order where appeal was delayed. The Court allowed filing of appeal with delay condonation, ensuring the matter can be decided on merits.
The issue addresses how borrowers often assume a universal best loan. The explanation clarifies that loan suitability varies based on income, credit score, and needs, emphasizing personalized selection.
The issue was denial of FTC due to delayed filing of Form 67. ITAT held that delay is procedural and directed authorities to grant credit after verification.
The issue was whether penalty under Section 270A is valid without specifying the exact charge. ITAT held that absence of a specific limb of misreporting makes the penalty invalid.
The issue was denial of registration due to non-commencement of activities. ITAT held that proposed activities and initial steps like investment are sufficient and ordered reconsideration.
