Mandatory verification procedure governs rejection of country-of-origin certificates before denying preferential customs exemption and related penalti...
Page of 4792
Press 'Enter' after typing page number.
1461 to 1480 of 95833 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Non-deduction of tax on leave fare concession payments made while binding interim directions of the Madras High Court were in force did not render the assessee an assessee in default. The Tribunal held that the statutory TDS obligation could not be enforced in disregard of those judicial directions, and the later Supreme Court ruling on the substantive taxability of the payments could not retrospectively create default liability for that earlier period. The demands under section 201(1) and section 201(1A) were deleted. Once the default demand failed, the consequential penalty under section 271C also could not survive and was deleted.
Non-deduction of tax on leave fare concession payments made while binding interim directions of the Madras High Court were in force did not render the assessee an assessee in default. The Tribunal held that the statutory TDS obligation could not be enforced in disregard of those judicial directions, and the later Supreme Court ruling on the substantive taxability of the payments could not retrospectively create default liability for that earlier period. The demands under section 201(1) and section 201(1A) were deleted. Once the default demand failed, the consequential penalty under section 271C also could not survive and was deleted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
