Authorization requirements for customs brokers and benami shipping bills: tribunal upholds licence revocation and penalties after COVID time limit fou...
Eligibility for notification exemption on imported fertilizers challenged; penalty, interest and confiscation set aside after voluntary payment and no...
Penalty under section 270A was challenged where the assessee produced challan evidence of TDS deduction but Form 26AS did not show credit because the deductor had not filed the requisite return. The Tribunal accepted the challan and subsequent filing by the deductor which caused the TDS to appear in Form 26AS; the assessing officer had not undertaken independent verification and the department did not contest the factual developments. Because the tax credit was established and no demand survived, the penalty under section 270A was deleted and the appeal allowed.
Penalty under section 270A was challenged where the assessee produced challan evidence of TDS deduction but Form 26AS did not show credit because the deductor had not filed the requisite return. The Tribunal accepted the challan and subsequent filing by the deductor which caused the TDS to appear in Form 26AS; the assessing officer had not undertaken independent verification and the department did not contest the factual developments. Because the tax credit was established and no demand survived, the penalty under section 270A was deleted and the appeal allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
