tax law – Page 10 – smeaccountant

ITAT Condonation Ruling: Prioritizing Substantial Justice Over Procedural Delays

The Income Tax Appellate Tribunal (ITAT) recently issued a landmark ruling, condoning a nearly three-year delay in filing an appeal after the taxpayer cited erroneous professional advice as the primary…

Prasenjit Bhowmik May 31, 2026

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CIT(E) Cannot Act Merely on AO’s Recommendation – Independent Satisfaction Mandatory for Grant or Rejection of U/s 12AB Registration

In a significant ruling, the Income Tax Appellate Tribunal (ITAT) has clarified that the Commissioner of Income Tax (Exemption) [CIT(E)] cannot reject applications for registration under Section 12AB of the…

Prasenjit Bhowmik May 30, 2026