Related-party creditor exclusion bars CoC participation where lender rights show policy-making involvement, and post-CIRP assignment cannot cure ineli...
Rectification of apparent typographical errors may proceed without hearing when tax liability, input tax credit, and ruling substance remain unchanged...
The ITAT held that the errors in the assessee's quarterly TDS returns were typographical and did not demonstrate any willful attempt to evade tax or defraud the revenue. The AO's issuance of a single consolidated penalty order under section 271C for multiple assessment years and quarters was found to be legally impermissible, rendering the order void ab initio. Consequently, the levy of penalty under section 271C was quashed, and the assessee's appeal was allowed.
The ITAT held that the errors in the assessee's quarterly TDS returns were typographical and did not demonstrate any willful attempt to evade tax or defraud the revenue. The AO's issuance of a single consolidated penalty order under section 271C for multiple assessment years and quarters was found to be legally impermissible, rendering the order void ab initio. Consequently, the levy of penalty under section 271C was quashed, and the assessee's appeal was allowed.
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