Revisional power in block assessment upheld, undisclosed search income sustained, freight suppression addition restored, accrued lorry hire liability ...
Reassessment and fee-for-technical-services classification: reopening upheld, but certain reimbursements and mobilization charges fell outside treaty ...
Section 80P deduction for co-operative societies remains available despite nominal members and housing society status, with limited interest income tr...
Penalty for failure to comply with statutory notices under section 142(1) was held unsustainable where the assessee proved reasonable cause under section 273B. The Tribunal accepted the explanation that non-compliance arose from a medical condition and was not deliberate or intentional, so the protective exception applied and penalty under section 272A(1)(d) was deleted.
Penalty for failure to comply with statutory notices under section 142(1) was held unsustainable where the assessee proved reasonable cause under section 273B. The Tribunal accepted the explanation that non-compliance arose from a medical condition and was not deliberate or intentional, so the protective exception applied and penalty under section 272A(1)(d) was deleted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4809 
Join Channel 
