Blocked input tax credit for resort construction remains unavailable; interest follows actual utilisation, while delayed payment attracts statutory pe...
Duplicate PAN allocation requires record verification and deactivation reasons before assessment-related transactions can be attributed to an assessee...
Faceless assessment safeguards require requested personal hearings and adequate final show-cause response time, failing which reassessment is required...
Embezzlement losses in charitable institutions remain allowable when misappropriation is established, irrecoverable, and not a specified-person benefi...
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The Faceless Penalty Scheme SOP assigns Chapter XXI penalty proceedings to the Penalty Unit. Once the Penalty Unit became operational, the transitional arrangement allowing the Assessment Unit to act as the Penalty Unit ceased to apply. Accordingly, the Assessment Unit lacked jurisdiction to impose penalties under section 271D for alleged cash contributions accepted from members. Penalty orders issued by the Assessment Unit after operationalisation of the Penalty Unit were quashed for want of jurisdiction, rendering the remaining grounds academic.
The Faceless Penalty Scheme SOP assigns Chapter XXI penalty proceedings to the Penalty Unit. Once the Penalty Unit became operational, the transitional arrangement allowing the Assessment Unit to act as the Penalty Unit ceased to apply. Accordingly, the Assessment Unit lacked jurisdiction to impose penalties under section 271D for alleged cash contributions accepted from members. Penalty orders issued by the Assessment Unit after operationalisation of the Penalty Unit were quashed for want of jurisdiction, rendering the remaining grounds academic.
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