Corrigendum to show cause notice upheld; reopening valid; undervaluation findings set aside; remand for revaluation under Customs Valuation Rules, 200...
Consultation services and out-patient medicines are separate taxable supplies; in-patient supplies remain exempt composite health-care supply under GS...
ITAT affirmed the quantum disallowance of unpaid leave encashment under the governing statutory framework, but allowed the appeal against imposition of penalty under section 271(1)(c). The Tribunal held the deduction claim was governed by section 43B(f) and upheld the CIT(A)'s disallowance in the quantum proceedings; however, it found no concealment or furnishing of inaccurate particulars warranting penalty, noting the assessee had disclosed the amount in audited accounts, relied on prevailing judicial views then favorable to the assessee, and acted bona fide while litigation was pending before the SC. The ITAT set aside the impugned appellate order and directed the AO to delete the penalty.
ITAT affirmed the quantum disallowance of unpaid leave encashment under the governing statutory framework, but allowed the appeal against imposition of penalty under section 271(1)(c). The Tribunal held the deduction claim was governed by section 43B(f) and upheld the CIT(A)'s disallowance in the quantum proceedings; however, it found no concealment or furnishing of inaccurate particulars warranting penalty, noting the assessee had disclosed the amount in audited accounts, relied on prevailing judicial views then favorable to the assessee, and acted bona fide while litigation was pending before the SC. The ITAT set aside the impugned appellate order and directed the AO to delete the penalty.
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