Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Penalty u/s 271(1)(c) - addition of Capital gain under the provisions of section 45(3) and Disallowance of the interest expenses - the assessee himself suo-moto revised the computation and paid the taxes before any finding from the AO - the assessee has not deliberately undisclosed the income under the head capital gain and claimed excessive interest expenses. - No penalty.
Penalty u/s 271(1)(c) - addition of Capital gain under the provisions of section 45(3) and Disallowance of the interest expenses - the assessee himself suo-moto revised the computation and paid the taxes before any finding from the AO - the assessee has not deliberately undisclosed the income under the head capital gain and claimed excessive interest expenses. - No penalty.
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