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...
The SC dismissed the petition challenging the HC's order quashing proceedings under sections 276B read with 278AA of the Income Tax Act against appellants operating an educational institution for delayed TDS remittance. The HC found the delay was inadvertent, caused by staff maternity leave, and promptly rectified by subsequent timely deduction and payment. The Court affirmed the HC's exercise of discretion to quash proceedings based on the appellants' conduct, holding no reason to interfere under Article 136. The SC left open any question of law and dismissed the petition with pending applications.
The SC dismissed the petition challenging the HC's order quashing proceedings under sections 276B read with 278AA of the Income Tax Act against appellants operating an educational institution for delayed TDS remittance. The HC found the delay was inadvertent, caused by staff maternity leave, and promptly rectified by subsequent timely deduction and payment. The Court affirmed the HC's exercise of discretion to quash proceedings based on the appellants' conduct, holding no reason to interfere under Article 136. The SC left open any question of law and dismissed the petition with pending applications.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
