Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
ITAT affirmed deletion of penalty under s.271(1)(c), holding that acceptance of a s.35D deduction in an initial year, as upheld by SC precedent, precludes denial in subsequent years and that an unsustainable tax position does not ipso facto constitute furnishing inaccurate particulars. The Tribunal applied the principle that penal liability under s.271(1)(c) requires factual proof of incorrect, erroneous or false particulars in the return, not merely an arguable or unsuccessful claim of deduction. On this basis the CIT(A)'s deletion of the penalty was upheld and the appeal by the Revenue was dismissed.
ITAT affirmed deletion of penalty under s.271(1)(c), holding that acceptance of a s.35D deduction in an initial year, as upheld by SC precedent, precludes denial in subsequent years and that an unsustainable tax position does not ipso facto constitute furnishing inaccurate particulars. The Tribunal applied the principle that penal liability under s.271(1)(c) requires factual proof of incorrect, erroneous or false particulars in the return, not merely an arguable or unsuccessful claim of deduction. On this basis the CIT(A)'s deletion of the penalty was upheld and the appeal by the Revenue was dismissed.
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