Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
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Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
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Cash repayment of a family loan between spouses did not justify penalty under section 271E where the loan was fully explained, used for the benefit of the family, and gave rise to no addition. The Tribunal treated both the husband-wife loan transaction and the partial repayment to the wife as family-benefit transactions, following a co-ordinate Bench decision. It held that these circumstances established reasonable cause and made the penalty unsustainable. The penalty was therefore deleted and the appeal was allowed.
Cash repayment of a family loan between spouses did not justify penalty under section 271E where the loan was fully explained, used for the benefit of the family, and gave rise to no addition. The Tribunal treated both the husband-wife loan transaction and the partial repayment to the wife as family-benefit transactions, following a co-ordinate Bench decision. It held that these circumstances established reasonable cause and made the penalty unsustainable. The penalty was therefore deleted and the appeal was allowed.
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