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...
Levy of penalty imposed u/s 271(1)(c) - disallowance of deductions u/s 43B - the same cannot be amounted to concealment of particulars of income or furnishing of inaccurate particulars of such income. - Merely because of the fact that the deductions claimed by the assessee have been disallowed the provisions contained u/s 271(1)(c) are not attracted.
Levy of penalty imposed u/s 271(1)(c) - disallowance of deductions u/s 43B - the same cannot be amounted to concealment of particulars of income or furnishing of inaccurate particulars of such income. - Merely because of the fact that the deductions claimed by the assessee have been disallowed the provisions contained u/s 271(1)(c) are not attracted.
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TaxTMI 
TaxTMI 
