Begin typing your search above and press return to search.

Non-receipt of Notices and Lack of Digital Access: ITAT remands ₹34.77 Lakh LTCG Addition as 'Equitable Relief' [Read Order]
The Nagpur Bench of the Income Tax Appellate Tribunal (ITAT) granted relief to an auto driver assessee in a case involving the disallowance of...

Non-receipt of Notices and Lack of Digital Access: ITAT remands ₹34.77 Lakh LTCG Addition as 'Equitable Relief' [Read Order]
The Tribunal observed that the assessee, who has limited education and no email access, may not have received the notices issued by the CIT(A). The ITAT remanded the matter to the CIT(A) for fresh adjudication.

Reason for Default Irrelevant: NCLT Admits Section 7 Petition Rejecting COVID-19 & Technical Defences [Read Order]
The tribunal observed that once a corporate debtor defaults on a debt, the reason for the default, including inability to pay due to COVID-19, is irrelevant for admitting the petition. Technical objections, including alleged insufficient stamping of documents and procedural defects, were also rejected.

Reason for Default Irrelevant: NCLT Admits Section 7 Petition Rejecting COVID-19 & Technical Defences [Read Order]
The tribunal observed that once a corporate debtor defaults on a debt, the reason for the default, including inability to pay due to COVID-19, is irrelevant for admitting the petition. Technical objections, including alleged insufficient stamping of documents and procedural defects, were also rejected.