Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
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 4830 
Join Channel 
