Faceless reassessment jurisdiction turned on retrospective AO definition, with later faceless-assessment changes treated as clarificatory and procedur...
Mechanical approval under search assessment law vitiates assessments when sanction lacks application of mind; retrospective curative provision cannot ...
Penalty u/s 271E/271D - accepting loans in cash - The cash loans in question therefore cannot be said fall within the mischief of Section 269SS of the Act as near relatives cannot be said to be “Other person” - In any event in the circumstances of the case, there was reasonable cause for accepting loans in cash. - No penalty.
Penalty u/s 271E/271D - accepting loans in cash - The cash loans in question therefore cannot be said fall within the mischief of Section 269SS of the Act as near relatives cannot be said to be “Other person” - In any event in the circumstances of the case, there was reasonable cause for accepting loans in cash. - No penalty.
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