The Andhra Pradesh High Court held that ITC claims for FY 2019-20 filed in October 2020 were valid because Section 16(5) extended the filing deadline up to 30.11.2021.
The Tribunal held that CIT(A) cannot enhance income under Section 251 on matters not considered by the Assessing Officer during assessment proceedings.
The article explains the most frequent errors in project reports, including unrealistic projections and incorrect financial calculations, that reduce loan approval chances.
