Tag Archives: Deputy Director of Income-tax

Delay of 2227 days in filing cross-objection cannot be condoned merely due to subsequent favorable legal rulings

By | August 6, 2026
0 Comment

Delay of 2227 days in filing cross-objection cannot be condoned merely due to subsequent favorable legal rulings Issue Whether a delay of 6 years and 35 days (approximately 2,227 days) in filing a cross-objection before the ITAT can be condoned under section 254 when the delay was caused by a conscious decision not to file… Read More »

Interest under section 40 of Black Money Act is unsustainable where foreign source was disclosed and tax statutory exemptions apply.

By | August 6, 2026
0 Comment

Interest under section 40 of Black Money Act is unsustainable where foreign source was disclosed and tax statutory exemptions apply. Issue Whether interest under section 40(1) can be levied when a foreign source is disclosed in the return filed under section 139(1) and the dispute relates only to the quantum of income. Whether interest under… Read More »