Tax Guru

Foreign Tax Credit Demand cannot sustain without lawful service of Intimation: Bombay HC

The High Court set aside a tax demand arising from foreign tax credit mismatch because no valid intimation under Section 143(1) was produced or served. It held that recovery cannot be enforced without ...
Tax Guru

Section 80P Denial Collapses After Section 119(2)(b) Condonation – CPC Intimation Cannot Survive

S55 Keerippatty Primary Agricultural Co-op. Credit Society Ltd. Vs ITO (ITAT Chennai) The ITAT Chennai set aside the CIT(A)’s order and held that once the ...