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...
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Issue concerns imposition of penalty for failure to reply to assessment notices and the scope of the statutory discretion in the word "may" under penalty law. The article explains that discretion permits the assessing officer to consider reasons offered by the assessee - here a school that did not check email due to admission work - and that where the AO accepted the return and there was no escapement of income, imposition of penalty was inappropriate. Reliance on coordinate decisions deleting penalty where assessment proceeded on the return supports allowing the appeal and negating wilful default in these circumstances.
Issue concerns imposition of penalty for failure to reply to assessment notices and the scope of the statutory discretion in the word "may" under penalty law. The article explains that discretion permits the assessing officer to consider reasons offered by the assessee - here a school that did not check email due to admission work - and that where the AO accepted the return and there was no escapement of income, imposition of penalty was inappropriate. Reliance on coordinate decisions deleting penalty where assessment proceeded on the return supports allowing the appeal and negating wilful default in these circumstances.
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