Proceeds of crime and money laundering: PMLA prosecution requires subsisting predicate offence; discharge of predicate accused precludes further prose...
Validity of faceless assessment procedure challenged for jurisdictional AO intervention mid-remand, resulting in quashing of assessment for procedural...
Penalty under s. 272A(1)(d) for alleged non-compliance with notices issued under s. 142(1) was examined where the notices were only uploaded on the e-filing portal and the assessment was completed ex parte under s. 144. Since there was no evidence of effective service or actual communication of the notices, the assessee's lack of actual knowledge constituted "reasonable cause" for non-compliance, and penalty could not be sustained merely because notices remained on the portal. Consequently, the appellate order affirming the penalty was set aside and the penalty was deleted. - ITAT
Penalty under s. 272A(1)(d) for alleged non-compliance with notices issued under s. 142(1) was examined where the notices were only uploaded on the e-filing portal and the assessment was completed ex parte under s. 144. Since there was no evidence of effective service or actual communication of the notices, the assessee's lack of actual knowledge constituted "reasonable cause" for non-compliance, and penalty could not be sustained merely because notices remained on the portal. Consequently, the appellate order affirming the penalty was set aside and the penalty was deleted. - ITAT
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