Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
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Section 270A requires a specific statutory charge before enhanced penalty for misreporting can be imposed. Under-reporting is distinct from under-reporting resulting from misreporting, and misreporting must fall within one of the exhaustively listed instances in section 270A(9)(a) to (g). Where the charge shifts during proceedings and the applicable statutory limb is not identified, the defect is non-curable and vitiates the penalty proceedings. Enhanced penalty for alleged misreporting was therefore deleted because the precise charge and statutory basis were not specified.
Section 270A requires a specific statutory charge before enhanced penalty for misreporting can be imposed. Under-reporting is distinct from under-reporting resulting from misreporting, and misreporting must fall within one of the exhaustively listed instances in section 270A(9)(a) to (g). Where the charge shifts during proceedings and the applicable statutory limb is not identified, the defect is non-curable and vitiates the penalty proceedings. Enhanced penalty for alleged misreporting was therefore deleted because the precise charge and statutory basis were not specified.
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