Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
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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