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...
Penalty u/s 271(1)(c) - defective notice - the show cause notice u/s 271(1)(c) AO had neither strike out the inappropriate words nor specify the charges against the assessee as to whether it is for “concealing particulars of income” or “furnishing inaccurate particulars of income - imposition of penalty cannot be sustained
Penalty u/s 271(1)(c) - defective notice - the show cause notice u/s 271(1)(c) AO had neither strike out the inappropriate words nor specify the charges against the assessee as to whether it is for “concealing particulars of income” or “furnishing inaccurate particulars of income - imposition of penalty cannot be sustained
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