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Team KSCAA has submitted the representation on 19.08.2024 to the Director of co-operative audit for extension of certain due dates to inconvenience caused by the flood and landslide at Karnataka.
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The Income-Tax Appellate Tribunal (Mumbai bench) has ruled that a penalty for concealment of income cannot be imposed if a taxpayer has rectified all errors in a revised return.
In a major relief to taxpayers who missed the ITR filing deadline due to genuine hardships, the Income Tax Department has extended the time limit for processing belated returns filed under condonation of delay, ensuring that eligible individuals can now receive refunds previously held up due to procedural lapses.
Technology and services provider Bosch Ltd on Monday said it has received a demand notice of over Rs 20 crore, including interest, from the Income Tax department for assessment year 2022-2023.