Tax Guru33m
Reopening Assessment Based on Audit Objections Without New Basis Impermissible: Bombay HC
DCIT, the Bombay High Court examined the legality of reopening assessments under Section 148 of the Income Tax Act. Bennett ...
Tax Guru41m
GST Order passed Without supplying SIB Report Violates Natural Justice: Allahabad HC
In view of the above, the Hon’ble High Court has held that the impugned order passed by the respondents is in violation of ...
Tax Guru44m
“Reasonable or sufficient Cause” Must Be Liberally interpreted: SC
Tax Guru56m
Undisclosed Foreign Bank Account: No Penalty on mere allegations without substantiated proof
In the case of Charu Modi Bhartia Vs DCIT before the ITAT Delhi, the tribunal overturned a penalty levied under Section 271(1 ...
Tax Guru53m
Section 271(1)(b) cannot be imposed for each non-compliance of Section 143(2) notices
This ruling underscores the principle that penalties under Section 271 (1) (b) must be applied judiciously, aligning with the law’s intent to deter non-compliance without undue repetition. The ...