Transitional tax credit for eligible dealers survives incorrect form entries, while previously available eligibility objections cannot be raised on ap...
A penalty notice under section 274 must unambiguously specify whether the charge under section 271(1)(c) concerns concealment of income particulars or furnishing inaccurate particulars. Assessment and penalty proceedings are distinct, so an assessment order cannot cure a penalty notice that retains both statutory limbs without identifying the applicable charge. Such a notice and the consequential penalty order are invalid.
A penalty notice under section 274 must unambiguously specify whether the charge under section 271(1)(c) concerns concealment of income particulars or furnishing inaccurate particulars. Assessment and penalty proceedings are distinct, so an assessment order cannot cure a penalty notice that retains both statutory limbs without identifying the applicable charge. Such a notice and the consequential penalty order are invalid.
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