Tax deduction compliance and payee income recognition govern consultancy disallowance, while no exempt income prevents related expenditure disallowanc...
Derivative abetment liability fails when correctly declared imported components establish no underlying improper importation by the principal importer...
Levy of penalty u/s. 271E - violation of provisions of Section 269T - If identity of person is proved and genuineness of payment is not doubted by the AO then ontentions of assessee of ‘bonafide belief’ for repayment of loans in cash is acceptable and the penalty u/s. 271E is not leviable.
Levy of penalty u/s. 271E - violation of provisions of Section 269T - If identity of person is proved and genuineness of payment is not doubted by the AO then ontentions of assessee of ‘bonafide belief’ for repayment of loans in cash is acceptable and the penalty u/s. 271E is not leviable.
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