Appellant Assessee Wrongly Denied Benefit u/s 73(3); No Penalty Imposed Due to Revenue's Misinterpretation.

Appellant Assessee Wrongly Denied Benefit u/s 73(3); No Penalty Imposed Due to Revenue's Misinterpretation. https://www.taxtmi.com/highlights?id=72158 Levy of penalty - the whole case is due to interpretational issue (change of opinion) on the part of the Revenue - it is further found in the facts and circumstances of this case, that the benefit of closure under section 73(3) has been wrongly denied to the appellant assessee, and no show-cause notice was required to be issued. - No penalty - AT en-us Fri, 22 Sep 2023 09:11:59 +0530 Fri, 22 Sep 2023 09:11:59 +0530 TaxTMI RSS Generator Appellant Assessee Wrongly Denied Benefit u/s 73(3); No Penalty Imposed Due to Revenue's Misinterpretation. https://www.taxtmi.com/highlights?id=72158 Levy of penalty - the whole case is due to interpretational issue (change of opinion) on the part of the Revenue - it is further found in the facts and circumstances of this case, that the benefit of closure under section 73(3) has been wrongly denied to the appellant assessee, and no show-cause notice was required to be issued. - No penalty - AT Highlights Service Tax Fri, 22 Sep 2023 09:11:59 +0530 https://www.taxtmi.com/highlights?id=72158