Personal hearing requirements in GST adjudication were satisfied by prior opportunities and written submissions; appellate limitation received writ-pe...
Interactive flat panels meeting automatic data processing conditions are distinguished from monitors, while later classification clarifications apply ...
Page of 4798
Press 'Enter' after typing page number.
761 to 780 of 95957 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Penalty under the Interest Tax Act required concealment of chargeable interest or furnishing of inaccurate particulars; where the assessee's earlier non-filing was found bona fide, the interest details were already available on record, and the returns filed in response to notice were accepted without addition, penalty was not leviable. The Court also noted that the deeming principle in Explanation 3 to section 271(1)(c) of the Income-tax Act could not be imported into penalty proceedings under the Interest Tax Act. On these concurrent findings, deletion of the penalty was upheld and the Revenue's appeals failed.
Penalty under the Interest Tax Act required concealment of chargeable interest or furnishing of inaccurate particulars; where the assessee's earlier non-filing was found bona fide, the interest details were already available on record, and the returns filed in response to notice were accepted without addition, penalty was not leviable. The Court also noted that the deeming principle in Explanation 3 to section 271(1)(c) of the Income-tax Act could not be imported into penalty proceedings under the Interest Tax Act. On these concurrent findings, deletion of the penalty was upheld and the Revenue's appeals failed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4798
Join Channel
TaxTMI 
