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...
The Income Tax Appellate Tribunal set aside the assessment order for the assessee and restored the matter to the Assessing Officer for a de novo assessment after providing the assessee with a due opportunity of hearing. This decision aligns with the Tribunal's earlier ruling in the case of the co-owner, Dhirendra Nath Das, for the same assessment year. However, the Tribunal upheld the penalty imposed u/s 271(1)(b) for non-compliance with the notice issued u/s 142(1), considering the assessee's awareness of their responsibility as an employee of Indian Oil Corporation and the lack of a plausible explanation for non-compliance.
The Income Tax Appellate Tribunal set aside the assessment order for the assessee and restored the matter to the Assessing Officer for a de novo assessment after providing the assessee with a due opportunity of hearing. This decision aligns with the Tribunal's earlier ruling in the case of the co-owner, Dhirendra Nath Das, for the same assessment year. However, the Tribunal upheld the penalty imposed u/s 271(1)(b) for non-compliance with the notice issued u/s 142(1), considering the assessee's awareness of their responsibility as an employee of Indian Oil Corporation and the lack of a plausible explanation for non-compliance.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
