Non-disposal of application within six months does not result in “deemed grant of registration” for Charitable Trust
Bogus share capital: Without opportunity to cross-examine the persons whose statements are relied upon by ITO means that no adverse inference can be drawn against the Taxpayer.
If sufficient disclosure is made in “Computation of Income”, it can be presumed that ITO has applied his mind.
Section 50C (Stamp Duty Valuation Rules) apply only if Land or Building is sold and not when assessee sold right in property
Functionality for processing of returns having refund claims which were not processed within the time allowed u/s 143(1) due to some technical or other reasons
Rule 96(10) prospectively amended to allow exporters who have received capital goods under the EPCG scheme to claim refund of the IGST paid on exports.