Invoice-based recovery claims remain time-barred despite separate winding-up proceedings, absent valid acknowledgment or part-payment of the disputed ...
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 u/s 271D for violation of Section 269SS was challenged. ITAT held that where assessee received sale consideration for immovable property in cash exceeding Rs. 20,000, penalty u/s 271D was not leviable if reasonable cause u/s 273B for non-compliance with Section 269SS was demonstrated, such as lack of knowledge of legal provisions. Relying on precedents, ITAT allowed the appeal and deleted the penalty, finding that the assessee had reasonable cause for non-compliance with Section 269SS due to lack of awareness of legal provisions.
Penalty u/s 271D for violation of Section 269SS was challenged. ITAT held that where assessee received sale consideration for immovable property in cash exceeding Rs. 20,000, penalty u/s 271D was not leviable if reasonable cause u/s 273B for non-compliance with Section 269SS was demonstrated, such as lack of knowledge of legal provisions. Relying on precedents, ITAT allowed the appeal and deleted the penalty, finding that the assessee had reasonable cause for non-compliance with Section 269SS due to lack of awareness of legal provisions.
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