Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Assessment against deceased sole proprietor requires proceedings against the legal representative, rendering prior assessment and appellate orders inv...
Penalty notices under section 270A must specify whether the proposed charge is under-reporting of income or misreporting under a particular statutory limb. Notices that omit the precise charge fail to communicate the basis of penalty proceedings and are contrary to law. Applying this requirement, the Tribunal quashed the penalty proceedings for both assessment years and deleted the penalties because the notices did not identify the applicable charge.
Penalty notices under section 270A must specify whether the proposed charge is under-reporting of income or misreporting under a particular statutory limb. Notices that omit the precise charge fail to communicate the basis of penalty proceedings and are contrary to law. Applying this requirement, the Tribunal quashed the penalty proceedings for both assessment years and deleted the penalties because the notices did not identify the applicable charge.
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