Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
An inadvertent failure to complete column 40 of Form 3CD, caused by a software error and unaccompanied by mala fide intent, may constitute reasonable cause under section 273B. The material explains that reasonable cause is assessed on the totality of circumstances; where established, an incomplete tax audit report does not sustain penalty. It highlights that the omission must be satisfactorily explained as unintentional rather than a deliberate failure to furnish required audit particulars.
An inadvertent failure to complete column 40 of Form 3CD, caused by a software error and unaccompanied by mala fide intent, may constitute reasonable cause under section 273B. The material explains that reasonable cause is assessed on the totality of circumstances; where established, an incomplete tax audit report does not sustain penalty. It highlights that the omission must be satisfactorily explained as unintentional rather than a deliberate failure to furnish required audit particulars.
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