Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
HC dismissed prosecution proceedings against petitioner for TDS delay, finding no malicious intent. Despite procedural non-compliance, voluntary deposit of TDS with interest before show cause notice negated prosecution requirements. The court emphasized that mere technical breach does not automatically warrant penal action, particularly when the assessee has rectified the default proactively and no deliberate tax evasion was established. Interim protection continued, with no prosecution sanctioned against the petitioner-company.
HC dismissed prosecution proceedings against petitioner for TDS delay, finding no malicious intent. Despite procedural non-compliance, voluntary deposit of TDS with interest before show cause notice negated prosecution requirements. The court emphasized that mere technical breach does not automatically warrant penal action, particularly when the assessee has rectified the default proactively and no deliberate tax evasion was established. Interim protection continued, with no prosecution sanctioned against the petitioner-company.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
