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...
Refund adjustment against a disputed penalty demand pending first appeal is ordinarily limited to 20% under CBDT stay guidelines. The guidelines do not distinguish assessment demands from penalty demands, so full adjustment before pending stay applications are decided conflicts with those instructions. Recovery should therefore be confined to 20% of the disputed penalty demand, with excess adjustment reversed and refunded with applicable interest and the balance demand stayed pending disposal of the first appeal.
Refund adjustment against a disputed penalty demand pending first appeal is ordinarily limited to 20% under CBDT stay guidelines. The guidelines do not distinguish assessment demands from penalty demands, so full adjustment before pending stay applications are decided conflicts with those instructions. Recovery should therefore be confined to 20% of the disputed penalty demand, with excess adjustment reversed and refunded with applicable interest and the balance demand stayed pending disposal of the first appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
