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) - non disclosure of capital gain - whether the income was taxable in the assessment year 2012-13 as the land in dispute was handed over to the developer but the consideration was not received in the assessment year 2012-13? - the assessee explained that such income was not offered to tax under the bona fides believe that the same would be taxable upon the completion of the entire project. - there cannot be any penalty.
Penalty u/s 271(1)(c) - non disclosure of capital gain - whether the income was taxable in the assessment year 2012-13 as the land in dispute was handed over to the developer but the consideration was not received in the assessment year 2012-13? - the assessee explained that such income was not offered to tax under the bona fides believe that the same would be taxable upon the completion of the entire project. - there cannot be any penalty.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
