legal and binding responsibility lies upon Tribunal to decide appeal on merits, irrespective of appearance of assessee or his counsel before it or not
Late fee is not in the guise of a tax nor is it onerous. Late filing of TDS returns by the deductor causesinconvenience to everyone and s. 234E levies a fee to regularize the said latefiling: Bombay HC
Landmark Judgment: Chartered Accountant in whose favour POA is granted by the company is to be considered as Agent of accompany and service of notice to him is due service of Notice: Supreme Court
Interesting Judgment : Reassessment not valid if done without disposal of assessee’s objections to reasons for reopening
Exemption under section 54F is available even if the amount is not deposited in capital gains tax account scheme
Compensation received by builder for extinction of its right to sue was non-taxable capital receipt: Mumbai ITAT
Late Fee u/s 234E of the Income Tax Act is nothing but a privilege or special service allowed to a deductor for late filing of the TDS statements