Immunity from penalty U/s 270A
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Immunity from penalty U/s 270A Whenever the addition is done by the AO during the course of the assessment proceeding,…
relaxation from penalty
Recent Posts
- Clarification on various issues pertaining to GST treatment of vouchers
- Clarification on Place of supply of Online Services supplied by the suppliers of services to unregistered recipients
- Reassessment under the Income Tax Act should be grounded in solid evidence rather than speculation,
- Failure to exercise professional judgement & perform appropriate audit procedures- NFRA Imposed fine on two more Auditors
- Unauthorized transactions with related parties without the proper approval of Audit Committee, Board and Shareholders: NFRA slapped penalty of Rs. 2 crores on Auditor
- Stamp Duty valuation of 2013 vis a vis 2016: Reopening quashed as income escaping assessment was below Rs. 50 Lakh & the statutory time limit of 3 years has expired.
- Non-filing of Form 10 – Accumulation U/s 11(2) cannot be denied if delay is condoned by appropriate authority
- Whether the power U/s 119(2)(b) allows commissioners to admit a belated Form 9A & condone the delay if assessee provides valid reasons
- Last date for furnishing Belated/Revised return for AY 2024-25 in the case of Resident individuals extended by 15 days – Thanks to Bombay HC
- Extension of the validity of FCRA registration certificates
