Request-driven road restoration attracts reverse-charge GST, not governmental-function treatment or compensatory-damages status for business recipient...
Road restoration charges for commercial pipeline works are taxable Government services, with reverse charge liability and no public-function exemption...
Model-wise import cap monitoring cannot justify withholding used multifunction machines where all-India tracking is absent and full security is furnis...
ITAT upheld the assessee's appeal, finding no justifiable basis to reclassify share application money as loans/deposits under Section 269SS. The Tribunal relied on the jurisdictional High Court's precedent, which clarified that share application money does not fall under loan or deposit provisions. Consequently, the penalty under Section 271D was not leviable. The decision affirmed the CIT(A)'s order deleting the penalty, emphasizing strict interpretation of taxing statutes and procedural requirements in penalty proceedings.
ITAT upheld the assessee's appeal, finding no justifiable basis to reclassify share application money as loans/deposits under Section 269SS. The Tribunal relied on the jurisdictional High Court's precedent, which clarified that share application money does not fall under loan or deposit provisions. Consequently, the penalty under Section 271D was not leviable. The decision affirmed the CIT(A)'s order deleting the penalty, emphasizing strict interpretation of taxing statutes and procedural requirements in penalty proceedings.
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TaxTMI 
TaxTMI 
of 4916 
