Deductibility for charitable donations affirmed where payments to approved relief funds, even if CSR-driven, qualify under the donation deduction sche...
Mis-declaration in import descriptions must be deliberate to justify confiscation; withheld contemporaneous import documents invalidate value redeterm...
Liability for EPCG export shortfall: duty and interest sustained, but confiscation and penalties quashed where no fraud and causes beyond importer con...
Penalty under section 271(1)(c) requires the revenue to specify which limb--concealment of income or furnishing inaccurate particulars--is alleged; mere recital of the provision in the notice is inadequate. The tribunal held that notices failing to aver the specific material ingredients of the penal charge are defective and will vitiate penal proceedings, because penalty liability is distinct from tax assessment and carries serious civil consequences. The authorities must be clear at the time of issuing the notice which offence under the provision is charged; failure to do so invalidates the penalty process, consistent with cited authority.
Penalty under section 271(1)(c) requires the revenue to specify which limb--concealment of income or furnishing inaccurate particulars--is alleged; mere recital of the provision in the notice is inadequate. The tribunal held that notices failing to aver the specific material ingredients of the penal charge are defective and will vitiate penal proceedings, because penalty liability is distinct from tax assessment and carries serious civil consequences. The authorities must be clear at the time of issuing the notice which offence under the provision is charged; failure to do so invalidates the penalty process, consistent with cited authority.
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