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...
Levy of penalty u/s 271C - Period of limitation - Failure to deduct TDS - The Appellate Tribunal analyzed the facts and submissions of both parties. It was observed that the assessee had not deducted TDS as reported by the Tax Auditor, leading to a reference made by the Assessing Officer (AO) to the Joint Commissioner of Income Tax (JCIT). The Tribunal delved into the interpretation of the limitation period under Section 275(1)(c) of the Act. It considered the date of completion of quantum proceedings and the initiation of penalty proceedings. Referring to a relevant judicial precedent, the Tribunal concluded that the penalty order was indeed barred by limitation.
Levy of penalty u/s 271C - Period of limitation - Failure to deduct TDS - The Appellate Tribunal analyzed the facts and submissions of both parties. It was observed that the assessee had not deducted TDS as reported by the Tax Auditor, leading to a reference made by the Assessing Officer (AO) to the Joint Commissioner of Income Tax (JCIT). The Tribunal delved into the interpretation of the limitation period under Section 275(1)(c) of the Act. It considered the date of completion of quantum proceedings and the initiation of penalty proceedings. Referring to a relevant judicial precedent, the Tribunal concluded that the penalty order was indeed barred by limitation.
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