Faceless assessment safeguards require requested personal hearings and adequate final show-cause response time, failing which reassessment is required...
Embezzlement losses in charitable institutions remain allowable when misappropriation is established, irrecoverable, and not a specified-person benefi...
National long-distance undertaking status supports deduction where separately licensed infrastructure, resources, revenue, and expenditure establish c...
Agency reimbursement income follows contractual deposit-liability computation, while pending deposit collections do not constitute deemed-dividend loa...
HC held that a minor discrepancy in e-way bill invoice number (3096 instead of 3063) does not warrant penalty proceedings under Section 129. The record confirmed no substantive differences in goods' quality, quantity, or items between accompanying documents. Referencing administrative circular guidance, the court determined the technical error was immaterial. The entire penalty proceedings were deemed legally unsustainable, and the petition was accordingly allowed, effectively quashing the punitive action against the transporter.
HC held that a minor discrepancy in e-way bill invoice number (3096 instead of 3063) does not warrant penalty proceedings under Section 129. The record confirmed no substantive differences in goods' quality, quantity, or items between accompanying documents. Referencing administrative circular guidance, the court determined the technical error was immaterial. The entire penalty proceedings were deemed legally unsustainable, and the petition was accordingly allowed, effectively quashing the punitive action against the transporter.
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TaxTMI 
TaxTMI 
of 4884 
