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CONDONATION OF DELAY APPLICATION
'Shocking order' passed by court shakes people's faith in judiciary: SCThe Supreme Court has strongly criticized a Gujarat High Court order. The High Court had directed the in-charge chairman of the Gujarat Rev...
NCLAT restores insolvency appeal filed against Dilip BuildconThe National Company Law Appellate Tribunal has taken a notable step by reviving an insolvency case involving Dilip Buildcon. Initially dis...
Sold Indian property for Rs 2 crore, TDS deducted but no ITR filed: Why Delhi HC denied tax relief to NRIA Canadian citizen of Indian origin lost his plea in the Delhi High Court to condone the delay in filing his income tax return. He failed t...
ITR filing after deadline: What is condonation of delay request? How it can save you from penaltiesThe Income Tax Department has enabled condonation of delay applications for Form 10A filings, offering relief to taxpayers who missed deadl...
NCLAT can only condone max 15-day delay in filing appeals: SCThe Supreme Court has ruled that the NCLAT can only excuse delays in filing appeals for a maximum of 15 days. This decision reinforces the ...
Income Tax Department reduces time allowed to apply for old income tax refunds; check the new time limitITR Filing: The Central Board of Direct Taxes recently issued a circular for condonation of delay in filing ITR. The latest circular has re...
Income Tax Rule Change: Relief for companies, trusts and others for claiming benefit of lower tax, tax audit and others with new condonation of delay rulesIncome tax relief: The income tax department has released new rules for granting condonation of delay requests in filing specified forms. T...
Easier to claim tax refund in delayed ITR: CBDT doubles the limit for tax refund jurisdiction of commissioners for condonation of delayIncome tax refund: The Ministry of Finance has almost doubled the tax refund limit for accepting or rejecting condonation of delay requests...
Forgot to verify your income tax return? Here is what you can doVerification of income tax return is the last step to complete the process of ITR filing. ITR must be verified within 30 days of submission...
Discretion to condone delay in cases has to be exercised judiciously: Supreme Court"The discretion to condone the delay has to be exercised judiciously based on facts and circumstances of each case. It is further observed ...
Forgot to verify your income tax return? Here's helpAn ITR filed but not verified is treated as an invalid return by the department. It would mean that you have not filed the ITR for a partic...
I-T department allows condonation of delay in filing audit reports by trusts, institutionsIncome tax law mandates that such institutes can claim tax benefits available to them only after furnishing the tax audit report in form 10...
Government extends validity of environment clearance to 7 years"We have notified the extension of the validity of EC from five years to seven years. The EC can be renewed for a maximum period of three y...
Court pulls up brothers for filing appeal after 10 yearsThe court said that after failing to secure the desired relief, the appellants have filed the plea "belatedly after more than 10 years of t...
- Condoning delay, HC allows officer to contest case before Maharashtra Administrative Tribunal
The judges held that opportunity shall be given to the petitioner, Basawant Devidas Nandgavali to contest the Original Application filed in...
- HCs get back power to hear late I-T appeals
The amendments brought in the Finance Bill has empowered the Income-Tax (I-T) department to file about 12,000 appeals involving several tho...
- Tax relief to come with a rider for trusts
The Central Board of Direct Taxes (CBDT) on Wednesday issued a notification announcing that religious and charitable trusts and institution...