Income Tax Penalties: Low Penalty for major issue!High Penalty for minor issue !
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Income Tax Penalties: Low Penalty for major issue!High Penalty for minor issue ! Penalty under section 271B of Income Tax…
Income Tax: Low Penalty for major issue!High Penalty for minor issue !
Recent Posts
- Taxability of ESOPs:
- Mere Disagreement Doesn’t Justify invocation of Section 263 Revision Power: Madras HC
- No liability where contract is cancelled before supply of goods
- Details to be filled while filing ITR with foreign assets:
- Taxation on Sale of Agricultural Land in India: A Short Overview
- Addition towards cash deposits during demonetization deleted by ITAT as it was adequately explained based on the facts and nature of the business
- Stamp duty valuation under Section 50C or 43CA cannot be substituted & only the actual sale consideration should be reduced from WDV for depreciation purposes
- PAN 2.0 Project Approved – Project outlay of 1435 crores
- The failure to issue a show cause notice constituted a significant procedural defect – Assessment Order quashed by Bombay HC
- Order under section 87A by CIT – Appeal: The Controversy to continue
