Anti-profiteering obligations survive business demerger, complaint withdrawal, and customized supply arrangements where rate-reduction benefits are no...
Road restoration charges constitute taxable services when requested for commercial pipeline activity, requiring reverse-charge GST from the business r...
Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessm...
Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other ...
The ITAT set aside the penalty order under s.271(1)(c) r.w.s.274 insofar as it was founded on a defective show-cause notice that failed to specify the precise charge-whether concealment of particulars of income or furnishing inaccurate particulars-thereby depriving the assessee of the ability to frame an effective defence. The Tribunal found the notice to be a standard, mechanistic document issued without application of mind, and held that penalty imposition in such circumstances is invalid. Consequently the penalty levied was quashed and the appeal allowed in favour of the assessee.
The ITAT set aside the penalty order under s.271(1)(c) r.w.s.274 insofar as it was founded on a defective show-cause notice that failed to specify the precise charge-whether concealment of particulars of income or furnishing inaccurate particulars-thereby depriving the assessee of the ability to frame an effective defence. The Tribunal found the notice to be a standard, mechanistic document issued without application of mind, and held that penalty imposition in such circumstances is invalid. Consequently the penalty levied was quashed and the appeal allowed in favour of the assessee.
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TaxTMI 
TaxTMI 
of 4916 
