GST refunds for cancelled air tickets remain available when passenger reimbursements defeat unjust enrichment and credit-note adjustment is unavailabl...
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...
ITAT upheld the CIT(A)'s order deleting penalty u/s 271(1)(c) against the assessee. The tribunal found the depreciation claim was a clerical error without malafide intention to evade taxes. The error was rectified in subsequent assessment year and did not impact tax liability. Relying on Supreme Court precedent, the tribunal concluded that a non-sustainable claim does not automatically constitute furnishing inaccurate income particulars. Consequently, the penalty was deleted, affirming the lower appellate authority's reasoning that the assessee's action did not warrant punitive measures.
ITAT upheld the CIT(A)'s order deleting penalty u/s 271(1)(c) against the assessee. The tribunal found the depreciation claim was a clerical error without malafide intention to evade taxes. The error was rectified in subsequent assessment year and did not impact tax liability. Relying on Supreme Court precedent, the tribunal concluded that a non-sustainable claim does not automatically constitute furnishing inaccurate income particulars. Consequently, the penalty was deleted, affirming the lower appellate authority's reasoning that the assessee's action did not warrant punitive measures.
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TaxTMI 
TaxTMI 
of 4920 
