Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
Penalty proceedings u/s 271(1)(c) - Failure of the assessee to explain the source of cash deposit in the bank account - burden of proof - The ITAT acknowledged the difference in the burden of proof between penalty proceedings and assessment proceedings. Mere disallowance or addition in quantum proceedings does not automatically warrant penalty imposition under Section 271(1)(c) of the Act. - Considering the mitigating circumstances, including the deceased status of the appellant and the difficulty in independently proving circumstantial facts, the tribunal concluded that the penalty imposition was not justified and directed its reversal and deletion.
Penalty proceedings u/s 271(1)(c) - Failure of the assessee to explain the source of cash deposit in the bank account - burden of proof - The ITAT acknowledged the difference in the burden of proof between penalty proceedings and assessment proceedings. Mere disallowance or addition in quantum proceedings does not automatically warrant penalty imposition under Section 271(1)(c) of the Act. - Considering the mitigating circumstances, including the deceased status of the appellant and the difficulty in independently proving circumstantial facts, the tribunal concluded that the penalty imposition was not justified and directed its reversal and deletion.
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