Suspension of insolvency professional registration prevents continued Resolution Professional appointments and restricts interim stays that effectivel...
Original works exemption for railway contracts depends on actual integrated construction scope, while accessible tax data defeats suppression allegati...
Survey surrender characterisation determines whether mixed excess stock and business-linked cash face normal taxation or special deemed-income taxatio...
Cash received and subsequently routed through a bank by an assessee acting solely as a mediator in a property transaction between relatives was treated as neither a loan nor a deposit for the cash-acceptance restriction. The intermediary role, supported by documents and evidence, established reasonable cause and attracted statutory protection from penalty. Consequently, the penalty for accepting cash as a loan or deposit was deleted.
Cash received and subsequently routed through a bank by an assessee acting solely as a mediator in a property transaction between relatives was treated as neither a loan nor a deposit for the cash-acceptance restriction. The intermediary role, supported by documents and evidence, established reasonable cause and attracted statutory protection from penalty. Consequently, the penalty for accepting cash as a loan or deposit was deleted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4910 
