Invoice-based recovery claims remain time-barred despite separate winding-up proceedings, absent valid acknowledgment or part-payment of the disputed ...
Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
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HC ruled on penalty u/s 271(1)(c) regarding book profit discrepancies. The court found that the assessee, a government entity, voluntarily disclosed income mismatches before scrutiny assessment. The Tax Audit Report was correctly filed and uploaded on the Income Tax Portal. The revenue authority did not allege income concealment. The mismatch was attributed to a data transmission error without malafide intent. The Commissioner of Income Tax (Appeals) deleted the penalty, determining the discrepancy was an inadvertent mistake. The HC upheld the appellate order, deciding in favor of the assessee and dismissing the penalty proceedings.
HC ruled on penalty u/s 271(1)(c) regarding book profit discrepancies. The court found that the assessee, a government entity, voluntarily disclosed income mismatches before scrutiny assessment. The Tax Audit Report was correctly filed and uploaded on the Income Tax Portal. The revenue authority did not allege income concealment. The mismatch was attributed to a data transmission error without malafide intent. The Commissioner of Income Tax (Appeals) deleted the penalty, determining the discrepancy was an inadvertent mistake. The HC upheld the appellate order, deciding in favor of the assessee and dismissing the penalty proceedings.
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