International transaction characterisation of domestic divestment of support services business rejected; transaction between resident associated enter...
Minimum Import Price restrictions for Black Pepper, Areca-nuts and Apples upheld; procedural laying failure not fatal, notifications to be placed befo...
Transaction value between related persons requires market-equivalent pricing; importer must prove declared value mirrors ordinary international trade ...
Page of 4814
Press 'Enter' after typing page number.
6841 to 6860 of 96262 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The article addresses penalty proceedings under section 271D for alleged contravention of section 269SS: tribunals have held that cash received as part of sale consideration expressly recorded in a registered sale deed may fall outside the prohibition on specified cash receipts, and penalty cannot stand where the Assessing Officer has not recorded satisfaction in assessment proceedings. It further notes limitation rulings applying the TOLA extension as making show-cause notices issued well after the extended reasonable period time-barred; on those grounds the impugned penalty was deleted and the assessee's appeal allowed.
The article addresses penalty proceedings under section 271D for alleged contravention of section 269SS: tribunals have held that cash received as part of sale consideration expressly recorded in a registered sale deed may fall outside the prohibition on specified cash receipts, and penalty cannot stand where the Assessing Officer has not recorded satisfaction in assessment proceedings. It further notes limitation rulings applying the TOLA extension as making show-cause notices issued well after the extended reasonable period time-barred; on those grounds the impugned penalty was deleted and the assessee's appeal allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
