Form 26AS evidence requires successor-entity accounting verification after business transfer, while invoice-supported related-party advertising expend...
Money-laundering judgment timing requires awaiting the scheduled-offence decision despite continuation of the underlying trial where outcomes directly...
Accredited investor eligibility expands through securities-market exposure, while alternative investment fund disputes require prescribed resolution a...
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ITAT allowed the assessee's appeal, finding that the statutory notice under section 142(1) was not sent to the registered email addresses as defined in Explanation (t) to section 144B. The tribunal determined the assessee's explanation constituted "reasonable cause" under section 273B, thereby directing deletion of the penalty levied under section 271(1)(b). The tribunal recognized the procedural non-compliance by the revenue department in serving the notice, which effectively invalidated the penalty proceedings against the assessee.
ITAT allowed the assessee's appeal, finding that the statutory notice under section 142(1) was not sent to the registered email addresses as defined in Explanation (t) to section 144B. The tribunal determined the assessee's explanation constituted "reasonable cause" under section 273B, thereby directing deletion of the penalty levied under section 271(1)(b). The tribunal recognized the procedural non-compliance by the revenue department in serving the notice, which effectively invalidated the penalty proceedings against the assessee.
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