Request-driven road restoration attracts reverse-charge GST, not governmental-function treatment or compensatory-damages status for business recipient...
Road restoration charges for commercial pipeline works are taxable Government services, with reverse charge liability and no public-function exemption...
Model-wise import cap monitoring cannot justify withholding used multifunction machines where all-India tracking is absent and full security is furnis...
Reasonable cause under section 273B can protect against penalty for accepting a cash advance towards transfer of immovable property, even where the amount is a specified sum covered by section 269SS. Transaction genuineness and disclosure alone do not establish reasonable cause, but may support the bona fides of the explanation. Immediate personal funding needs, the purchaser's circumstances, prompt bank deposit of the cash, receipt of the balance through banking channels, and disclosure of the full sale consideration cumulatively supported reasonable cause. Penalty under section 271D was deleted.
Reasonable cause under section 273B can protect against penalty for accepting a cash advance towards transfer of immovable property, even where the amount is a specified sum covered by section 269SS. Transaction genuineness and disclosure alone do not establish reasonable cause, but may support the bona fides of the explanation. Immediate personal funding needs, the purchaser's circumstances, prompt bank deposit of the cash, receipt of the balance through banking channels, and disclosure of the full sale consideration cumulatively supported reasonable cause. Penalty under section 271D was deleted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
