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...
ITAT set aside penalty u/s 271(1)(c) after finding no deliberate concealment. The Tribunal noted two key disallowances: first, estimated expense addition was already directed for deletion by CIT(A), and second, TDS disallowance u/s 40(a)(ia) was previously deleted in quantum proceedings. Relying on Supreme Court precedent in Reliance Petroproducts, the Tribunal held that mere expense disallowance does not automatically warrant penalty. The Assessing Officer was directed to delete the penalty, with the assessee's appeal grounds being allowed, effectively nullifying the original penalty order.
ITAT set aside penalty u/s 271(1)(c) after finding no deliberate concealment. The Tribunal noted two key disallowances: first, estimated expense addition was already directed for deletion by CIT(A), and second, TDS disallowance u/s 40(a)(ia) was previously deleted in quantum proceedings. Relying on Supreme Court precedent in Reliance Petroproducts, the Tribunal held that mere expense disallowance does not automatically warrant penalty. The Assessing Officer was directed to delete the penalty, with the assessee's appeal grounds being allowed, effectively nullifying the original penalty order.
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