Reasonable Cause for Late Return: penalty under section 271(1)(c) unsustainable where disclosure, audit filing and voluntary offer showed no concealme...
The Central Government rescinds the notification that had approved and notified a 10.118-hectare Special Economic Zone for Information Technology and IT Enabled Services at Mysore. The rescission is issued after the developer proposed de-notification of the entire area, the State Government granted its no-objection, and the Development Commissioner recommended the proposal. The rescission operates prospectively, subject to the saving that things done or omitted to be done before the rescission remain unaffected.
The Central Government rescinds the notification that had approved and notified a 10.118-hectare Special Economic Zone for Information Technology and IT Enabled Services at Mysore. The rescission is issued after the developer proposed de-notification of the entire area, the State Government granted its no-objection, and the Development Commissioner recommended the proposal. The rescission operates prospectively, subject to the saving that things done or omitted to be done before the rescission remain unaffected.
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