Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Non-compliance with notices under section 142(1) did not justify penalty under section 272A(1)(d) where the assessee later furnished detailed replies with supporting material, the Assessing Officer verified and accepted that material, and the assessment was completed under section 143(3). The Tribunal treated the earlier default as merged in the subsequent compliance and as deemed condoned by the regular assessment, so the penalty was held not leviable and was deleted in the lead matter and connected appeals.
Non-compliance with notices under section 142(1) did not justify penalty under section 272A(1)(d) where the assessee later furnished detailed replies with supporting material, the Assessing Officer verified and accepted that material, and the assessment was completed under section 143(3). The Tribunal treated the earlier default as merged in the subsequent compliance and as deemed condoned by the regular assessment, so the penalty was held not leviable and was deleted in the lead matter and connected appeals.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
