Delhi High Court: Income Tax Refund Cannot Be Denied To Taxpayer For Discrepancy In Form 26AS Filed
The Business Guardian|September 17, 2024
The Delhi High Court in the case Hari Kishan Sharma vs.Govt of NCT of Delhi observed that tax was duly deducted by the Land Acquisition Collector but was not disclosed for some reasons and hence the credit was not reflected in Form 26AS.
Delhi High Court: Income Tax Refund Cannot Be Denied To Taxpayer For Discrepancy In Form 26AS Filed

The court in the case held that the assessee or petitioner cannot be penalized for the mere reason that the Form 26AS suffered from a discrepancy.

While condoning the delay under section 119 of the Income tax Act, the High Court quashed an order, by which the Revenue Department had rejected the Assessee's application for submitting a revised return for the relevant Assessment Year, AY.

The High Court in the case directed the Department to take on board the revised return to be filed by the Assessee.

The section 119(2)(b) of the Income tax Act allows condonation of delays in filing returns, whereby the CBDT authorizes authorities to accept claims post expiry, with specific monetary limits.

The High Court while referring to section 237 of the Income Tax Act pointed out assessee is entitled to place its case before the AO by providing all material particulars, so that a prayer for refund may be processed.

Diese Geschichte stammt aus der September 17, 2024-Ausgabe von The Business Guardian.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der September 17, 2024-Ausgabe von The Business Guardian.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS THE BUSINESS GUARDIANAlle anzeigen
ASSEMBLY POLLS: CONG KICKS OFF 'NYAY YATRA'
The Business Guardian

ASSEMBLY POLLS: CONG KICKS OFF 'NYAY YATRA'

The Congress kicked off its month-long \"Delhi Nyay Yatra\" from Rajghat on Friday to put pressure on the AAP government in the city on various issues ahead of the Assembly polls due early next year.

time-read
1 min  |
November 09, 2024
The Business Guardian

CBI nabs DUSIB legal officer for taking bribe

The Central Bureau of Investigation (CBI) has apprehended a legal officer from the Delhi Urban Shelter Improvement Board (DUSIB) of the Delhi Government for allegedly demanding and accepting a bribe of Rs 5 lakh from a complainant.

time-read
1 min  |
November 09, 2024
HC orders DU to admit minority student to St Stephen's
The Business Guardian

HC orders DU to admit minority student to St Stephen's

The Delhi High Court on Friday said its order permitting a minority category student to attend classes amid a purported seat allocation dispute between St Stephen's College and Delhi University has to be complied with.

time-read
1 min  |
November 09, 2024
Govt tests drone-based mist spraying to combat pollution
The Business Guardian

Govt tests drone-based mist spraying to combat pollution

To curb rising air pollution in the national capital, the Delhi government on Friday conducted a testing of 'drone-based mist spraying' at Anand Vihar, one of the city's pollution hotspots.

time-read
1 min  |
November 09, 2024
The Business Guardian

BJP blames AAP for pollution

BJP leader Shehzad Poonawalla on Friday attacked Aam Aadmi Party (AAP) for pollution in the Yamuna River, highlighting that the toxic foam floating on the water proved a serious threat to the safety of devotees during Chhath Puja.

time-read
1 min  |
November 09, 2024
Anand Vihar pollution triggers health Issues
The Business Guardian

Anand Vihar pollution triggers health Issues

With the air pollution reaching an alarming level in Delhi's Anand Vihar, people living in the area are facing health issues as there has been a surge in cases of respiratory and throat infections and eye irritation in the last few days.

time-read
1 min  |
November 09, 2024
The Business Guardian

Kejriwal has become biggest symbol of VVIP culture, hypocrisy: BJP

The BJP on Friday claimed that former Delhi chief minister Arvind Kejriwal has become \"the biggest symbol of VVIP culture\" as it slammed the AAP convenor citing high costs of appliances and items, including toilet seats worth around Rs 12 crore, used in his residence when he was at the helm of the government.

time-read
1 min  |
November 09, 2024
Phir Layenge Kejriwal: AAP rallies support with new campaign
The Business Guardian

Phir Layenge Kejriwal: AAP rallies support with new campaign

Kejriwal noted that these shared challenges have strengthened the bond among AAP members, uniting them as a family. \"I am moved by the love and determination I see in our workers. We will fight, and we will win,\" he said, stressing that their unity is the party's greatest strength.

time-read
2 Minuten  |
November 09, 2024
Calcutta High Court On Plea Against Use Of Loudspeakers Near School For Specially Abled Children: 'Puja Committee Thinks They Are Bigger Than God'
The Business Guardian

Calcutta High Court On Plea Against Use Of Loudspeakers Near School For Specially Abled Children: 'Puja Committee Thinks They Are Bigger Than God'

The Calcutta High Court in the case Prajna Paromita Sen And Anr. Versus State Of West Bengal And Ors observed that the use of loudspeakers and blocking of roads outside a specially-abled children's school for celebrating Jadadhatri puja, showed that the 'puja committee thinks they are bigger than the deity itself.

time-read
1 min  |
November 09, 2024
Madras High Court Directed Pondicherry Institute Of Medical Sciences To Surrender 26 Seats For Failure To Comply With MCI Guidelines
The Business Guardian

Madras High Court Directed Pondicherry Institute Of Medical Sciences To Surrender 26 Seats For Failure To Comply With MCI Guidelines

The Madras High Court in the case Pondicherry Institute of Medical Sciences v The Government of India and Others observed and has directed the Pondicherry Institute of Medical Sciences to forfeit 26 seats - 13 during the 2025-26 academic year and 13 during the 2026-27 academic year for failing to comply with the directions issued by the Medical Council of India during admissions in the year 2017-18.

time-read
2 Minuten  |
November 09, 2024