The assessee should file a revised form 35A signed by the competent Authority and pray for condonation of delay . The order of Tribunal is valid in law . Non signing of the appeal memo by the competent person is a curable defects Refer , Manek Sheth ( HUF) v. CIT( 1995) 213 ITR 715… (read more)

Joint representation is needed. It may be desirable to take up the issue the Bombay Chartered Accountant’s Society or the Chamber of Tax consultants Mumbai. (read more)

The assessee should file the return and also file detailed reply explaining the source of investment as well as supporting evidence . The Revenue may drop the reassessment proceedings . (read more)

The aasseessee may file an application before CBDT . The CBDT can condone the delay . In case the CBDT rejects the application the assessee can file writ petition against the said rejection order . (read more)

One has to find out capital gains on sale of the plot of land . It seems the amount is in the designated account for more than three years . One has to study the scheme in which the amount was deposited . On the expiry of three years the assessee should have filed the… (read more)

Please refer section 10(23C) (iiid ). If the aggregate annual receipts does not exceed five crores the assessee can make an application under section 10(23C) of the Act subject to other conditions. As the charitable organization is registered under section 12A of the Act as well as section 10(23C) of the Act, the organization can… (read more)

The Department will compute the period of limitation factoring the Taxation and Other Laws (Relaxation of Certain Provisions) Act, 2020. By that argument, the period of limitation will be within three years. The issue is sub judice before the Hon'ble Supreme Court. (read more)