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...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Penalty u/s 271(1)(c) - quantum of addition has been confirmed by the High Court - mere rejection of a claim otherwise made bonafide and on arguable legal contentions would not give rise to penalty proceedings
Penalty u/s 271(1)(c) - quantum of addition has been confirmed by the High Court - mere rejection of a claim otherwise made bonafide and on arguable legal contentions would not give rise to penalty proceedings
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