Section 276CC deals with failure to comply with the obligation under sections 139(1) or 142(1) or 148 of Income Tax Act. Disobedience of each said provision of law itself constitutes a distinct offence
GSTN to consider error committed by assessee in filing Tran-1 after HC’s decision on identical issues
Penalty under section 271AAB on Filing of return declaring undisclosed income if there is a Delay in filing return income
Validity of Redemption fine and confiscation under section 130 without initiating any proceedings under section 129
Similar types of errors is being committed by the Assessing Officers either by deliberately or due to ‘Induced ignorance’. Jharkhand HC advised CITs to conduct orientation courses for AOs.
No religion like “Hinduism” & worship of Hindu Gods is not “religious purpose” – Trust is eligible for 80G: Nagpur ITAT
No penalty for cash loan as it was never the intention of the Legislature to punish a party involved in a genuine transaction: Bangalore ITAT