ITAT Lucknow allows ₹1.64 crore Section 80P deduction, holding that CPC lacked authority to disallow it for late ITR filing in AY 2019-20.
ITAT Rajkot holds that CPC could not disallow Section 80P deduction for belated ITR in AY 2019-20; matter remanded for fresh adjudication.
ITAT Lucknow allows ₹1.64 crore Section 80P deduction, holding that CPC lacked authority to disallow it for late ITR filing in AY 2019-20.The post Section 80P Deduction Cannot Be Disallowed by CPC for ...
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Key points of this article The benchmark is 200,000 yen in annual side income. The 200,000 yen refers to profit (income minus expenses), not total sales. Even if it is 200,000 yen or less, you must ...
Learn when ITR defaults attract 50% or 200% penalties, why ITAT Jaipur quashed a ₹3.99 lakh penalty, and the rules taxpayers ...
A Sikar taxpayer faced a ₹3.99 lakh penalty after declaring ₹12.9 lakh in income following an income tax notice. The ITAT ...