The exemption was rejected only due to delayed electronic filing of Form 10. The Tribunal ruled that procedural delay cannot override substantive compliance made before assessment ...

QDTE's daily covered call strategy on Nasdaq 100 delivers high yields and income, but requires caution due to payout ...

The tribunal held that delay in filing Form 10BB is only a procedural lapse and not a substantive bar to exemption. Where the audit report was available before processing, denial of section 11 ...

The dispute concerned cancellation of IDS benefits due to non-payment. The Tribunal held that once IDS lapses, undisclosed ...

The Tribunal set aside the appellate order after finding that no enquiry was conducted despite clear evidence in Form 26AS. The ruling underscores that undisputed pension income cannot be ignored ...

Knowing when to issue which kind of 1099 form to someone you paid money to can be a mystery to small business owners, but ...

For example, spouses who inherit an IRA or 401 (k) can roll that money into their own account. Depending on how old the ...

The AO passed a rectification order while the core section 50C addition was pending fresh adjudication. ITAT ruled that such parallel adjudication leads to inconsistency and must be ...

The case involved a challenge to an assessment order that was later revised under rectification provisions. The Court ruled that once rectified, the original demand ceases to exist and cannot be ...

ITAT ruled that an appeal cannot be rejected mechanically on alleged defects when records show compliance. The case was ...

The ITAT ruled that an inadvertent mistake in selecting the assessment year while filing Form 10AB cannot defeat an existing valid registration. Mechanical rejection without record verification was ...

The Court quashed a GST refund rejection passed without granting the full statutory reply period and personal hearing. It ...