Related-party creditor exclusion bars CoC participation where lender rights show policy-making involvement, and post-CIRP assignment cannot cure ineli...
Rectification of apparent typographical errors may proceed without hearing when tax liability, input tax credit, and ruling substance remain unchanged...
Penalty for failure to deduct tax at source is not automatic where the deductor establishes reasonable cause. The interaction of section 271C and section 273B excludes penalty if a bona fide belief concerning commission payments, coupled with accounts-department changes causing an inadvertent TDS oversight, explains the default. On those grounds, the penalty for non-deduction was deleted, while other grounds did not require determination.
Penalty for failure to deduct tax at source is not automatic where the deductor establishes reasonable cause. The interaction of section 271C and section 273B excludes penalty if a bona fide belief concerning commission payments, coupled with accounts-department changes causing an inadvertent TDS oversight, explains the default. On those grounds, the penalty for non-deduction was deleted, while other grounds did not require determination.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
