Penalty can’t be levied for Lack of Evidence supporting HRA Claim If Assessee admitted Fault: ITAT Chennai
Interesting judgement : Delay in filing of tax audit report due to Virus in computer system – Whether penalty can de dropped ?
Rationalisations of provisions relating to maintenance, keeping and furnishing of information and documents by certain persons u/s 92D.
Not full amount, but only difference is liable for taxation on maturity proceeds of Life insurance premium if it is not exempt u/s 10(10D)
Validity of reopening of assessment merely on the basis of report of investigation wing without conducting further enquiry