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...
Settlement applications u/s 245C (1) - “full and true disclosure” - The High court observed that the respondent did not fully disclose the additional income initially, which surfaced only after the Revenue's intervention. The judgment emphasized that the ITSC should not have proceeded with the settlement application without a complete and accurate disclosure. It was held that by doing so, the ITSC exceeded its jurisdiction, leading to the annulment of the settled claims and the immunity provided.
Settlement applications u/s 245C (1) - “full and true disclosure” - The High court observed that the respondent did not fully disclose the additional income initially, which surfaced only after the Revenue's intervention. The judgment emphasized that the ITSC should not have proceeded with the settlement application without a complete and accurate disclosure. It was held that by doing so, the ITSC exceeded its jurisdiction, leading to the annulment of the settled claims and the immunity provided.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
