Anti-profiteering obligations survive business demerger, complaint withdrawal, and customized supply arrangements where rate-reduction benefits are no...
Road restoration charges constitute taxable services when requested for commercial pipeline activity, requiring reverse-charge GST from the business r...
Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessm...
Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other ...
Transfer-pricing comparability requires functional alignment; delayed associated-enterprise receivables need separate LIBOR-based benchmarking, while ...
Section 275(1)(a) requires penalty proceedings to remain in abeyance while an appeal against the relevant assessment order is pending before the Appellate Tribunal. A penalty order for under-reporting of income passed during that pendency is contrary to the statutory bar, regardless of whether the Assessing Officer had been informed of the appeal. The penalty order was quashed, with liberty to recommence penalty proceedings if the assessment appeal is decided against the assessee and the law permits.
Section 275(1)(a) requires penalty proceedings to remain in abeyance while an appeal against the relevant assessment order is pending before the Appellate Tribunal. A penalty order for under-reporting of income passed during that pendency is contrary to the statutory bar, regardless of whether the Assessing Officer had been informed of the appeal. The penalty order was quashed, with liberty to recommence penalty proceedings if the assessment appeal is decided against the assessee and the law permits.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4912 
