Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
Advance-ruling mechanism governs pending GST classification, exemption and taxability disputes, limiting writ review once the specialised forum functi...
Foreign contribution disclosed in the books and in the return of income could not be taxed merely because it was entered in Schedule-AI instead of Schedule-VC. The Tribunal held that there was no suppression of receipt, and the defect was only an inadvertent disclosure error in the wrong schedule. Denial of the charitable exemption claim solely on the ground that a revised return was not filed was unsustainable. The Revenue cannot collect tax beyond what is lawfully due merely because of an assessee's mistake in reporting. The impugned addition was deleted.
Foreign contribution disclosed in the books and in the return of income could not be taxed merely because it was entered in Schedule-AI instead of Schedule-VC. The Tribunal held that there was no suppression of receipt, and the defect was only an inadvertent disclosure error in the wrong schedule. Denial of the charitable exemption claim solely on the ground that a revised return was not filed was unsustainable. The Revenue cannot collect tax beyond what is lawfully due merely because of an assessee's mistake in reporting. The impugned addition was deleted.
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