Tax Guru

Belated Filing Alone Doesn’t Nullify 80P Deduction at CPC Stage: ITAT Lucknow

ITAT ruled that deductions under section 80P cannot be disallowed at the CPC stage for returns filed after the due date prior to Finance Act 2021. The matter was remanded for proper verification by ...

What if CPC misses ITR processing deadline? Here’s how taxpayers can legally claim their tax refund

Taxpayers are entitled to their refund if the Income Tax Department's CPC fails to process their ITR within the statutory ...

If CPC misses ITR processing deadline - here’s how taxpayers can still claim their refund

Taxpayers retain their refund rights if the Income Tax Department's Centralised Processing Centre (CPC) fails to process income tax returns (ITRs) within the legal timeframe.
Tax Guru

TDS Credit Cannot Be denied by CPC Without Proper Verification: ITAT Pune

The Tribunal held that restricting TDS credit at the CPC stage is unsustainable when Form 26AS supports the claim. Full credit must be allowed after verification under Section 199 and Rule 37BA, ...
IEEE

Design Procedure and Efficiency Analysis of a 99.3% Efficient 10 kW Three-Phase Three-Level Hybrid GaN/Si Active Neutral Point Clamped Converter

Abstract: High-efficient and power-dense ac–dc power electronic converters are demanded for a wide range of applications, such as motor drives and active rectifiers. The utilization of wide bandgap ...

Man cuts taxable income by Rs 25 lakh by setting off losses from shares and mutual funds against current LTCG: ITAT Delhi clarifies rules

Here’s how a man reduced his total income by Rs 25 lakh after setting off loss from sale of shares and mutual funds with LTCG ...