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...
Assessee's appeal allowed by ITAT against penalty u/s 271B for non-compliance with Section 44AB. Assessee demonstrated reasonable cause for failure to file return and tax audit report within due date. Assessee had honest belief of not being required to file return due to nil taxable income after deductions. Upon receiving notice u/s 142(1), assessee immediately appointed CA firm, conducted tax audit, and filed return. ITAT held assessee's conduct showed reasonable cause u/s 273B for initial non-compliance.
Assessee's appeal allowed by ITAT against penalty u/s 271B for non-compliance with Section 44AB. Assessee demonstrated reasonable cause for failure to file return and tax audit report within due date. Assessee had honest belief of not being required to file return due to nil taxable income after deductions. Upon receiving notice u/s 142(1), assessee immediately appointed CA firm, conducted tax audit, and filed return. ITAT held assessee's conduct showed reasonable cause u/s 273B for initial non-compliance.
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