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 271BA - non furnishing of Report u/s 92E - in Section 271BA words used is “may” and not “shall”, thereby making intentions clear that levy of penalty is discretionary and not automatic - it was the first year for the assessee and same was filed in the assessment proceedings itself - even otherwise qua the domestic transactions with its sister concern no additions made by the AO/TPO - bonafide mistake - no penalty
Penalty u/s 271BA - non furnishing of Report u/s 92E - in Section 271BA words used is “may” and not “shall”, thereby making intentions clear that levy of penalty is discretionary and not automatic - it was the first year for the assessee and same was filed in the assessment proceedings itself - even otherwise qua the domestic transactions with its sister concern no additions made by the AO/TPO - bonafide mistake - no penalty
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TaxTMI 
TaxTMI 
