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 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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
