Judgement

Court Rejects Claim of ‘Genuine Hardship’; Says Companies Cannot Skip Mandatory Compliance Due to Internal Infighting

30-Month Delay in ITR Filing Not Condonable; Director Disputes No Excuse for Ignoring Statutory Deadlines Says HC

Committee accepts inadvertent oversight in new Rule 8 compliance; finds no gross negligence or mala fide intent

High Court Rejects Challenge to CBDT Circulars; Rules PCIT Alone Can Sanction Prosecution Where Alleged Evasion Exceeds Rs. 25 Lakhs

To give some extra time needed for audit and ensure accurate compliance, the CBDT further extended the due date to December 15.

Understand how to prevent refund delays and avoid most common Income Tax Return filing errors.

Committee finds no evidence of negligence or tax-evasion collusion; complaint ordered to be closed