Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Recording clear satisfaction in the assessment order was treated as a jurisdictional requirement before penalty for alleged cash receipts could be initiated; a bare reference to penalty proceedings was insufficient. The alleged contravention also had to be proved transaction-wise with cogent independent evidence identifying the payer, payee, amount, date and threshold breach, and seized data or estimated income alone were not enough in quasi-criminal penalty proceedings. The levy was further found unreasonable where the assessee had disclosed additional income and tax was already paid, so the penalties were deleted for want of jurisdiction and proof.
Recording clear satisfaction in the assessment order was treated as a jurisdictional requirement before penalty for alleged cash receipts could be initiated; a bare reference to penalty proceedings was insufficient. The alleged contravention also had to be proved transaction-wise with cogent independent evidence identifying the payer, payee, amount, date and threshold breach, and seized data or estimated income alone were not enough in quasi-criminal penalty proceedings. The levy was further found unreasonable where the assessee had disclosed additional income and tax was already paid, so the penalties were deleted for want of jurisdiction and proof.
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