Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
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...
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Penalty under section 271D for contravention of section 269SS cannot survive where the underlying assessment is quashed and the satisfaction recorded in that assessment is obliterated. The principle applied to section 271E in Jai Laxmi Rice Mills Ambala City extends to section 271D because the provisions are pari materia. Further, where the Assessing Officer records satisfaction to initiate penalty in the assessment order, limitation under section 275(1)(c) runs from that initiation, not from a later notice or initiation by the Additional Commissioner or Joint Commissioner. The penalty was therefore unsustainable on both merits and limitation.
Penalty under section 271D for contravention of section 269SS cannot survive where the underlying assessment is quashed and the satisfaction recorded in that assessment is obliterated. The principle applied to section 271E in Jai Laxmi Rice Mills Ambala City extends to section 271D because the provisions are pari materia. Further, where the Assessing Officer records satisfaction to initiate penalty in the assessment order, limitation under section 275(1)(c) runs from that initiation, not from a later notice or initiation by the Additional Commissioner or Joint Commissioner. The penalty was therefore unsustainable on both merits and limitation.
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