Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Penalty u/s 271(1)(c) - deemed dividend u/s 2(22)(e) - assessee in its balance sheet has disclosed loan from a sister concern, Therefore, it cannot be said that the assessee has furnished wrong particulars of income or had concealed any income - in a debatable issue and in a case like this where the assessee had furnished complete details of the transaction, the penalty cannot be imposed
Penalty u/s 271(1)(c) - deemed dividend u/s 2(22)(e) - assessee in its balance sheet has disclosed loan from a sister concern, Therefore, it cannot be said that the assessee has furnished wrong particulars of income or had concealed any income - in a debatable issue and in a case like this where the assessee had furnished complete details of the transaction, the penalty cannot be imposed
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
