No Penalty for loans acceptance in cash if there exists a reasonable cause
No Penalty for loans acceptance in cash if there exists a reasonable cause Section 269SS prohibits an acceptance of loans/…
reasonable cause for non levy of penalty
Recent Posts
- Loans repaid in the subsequent assessment years – No addition u/s 68 can be made: ITAT Gauhati
- Section 269SS Not Attracted to One-Time Cash Sale Consideration: ITAT Chandigarh Clarifies the Law
- Tax Refund Delays: Not Always CPC’s Fault, Not Always Yours Either
- ITC Denial to Bona Fide Purchaser Solely Due to Retrospective Cancellation of Seller’s GST Registration – Supreme Court Issues Notice
- All orders in ‘E-Proceedings’ must be signed digitally: Manually signed Assessment Order held invalid by ITAT
- Rs. 5.37 Crore Refund Stuck for 8 Years: HC Reprimands Tax Dept. for Its Callous and Negligent Attitude
- CBDT chief urges tax officials to prepare for transition to new Income Tax Act
- Third-Party Chats, No Cash, No Admission: Section 69A Addition based on WhatsApp chats Struck Down
- Recovery of tax demand from an employee is not permissible if TDS was done by the employer but not deposited with the Government.
- TDS credit cannot be denied merely due to technical mismatches
