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🔎 Highlights - Adv. Search ❯
    August 13, 2025 Case Laws Income Tax
    Penalty Orders Under Sections 271(1)(c) and 270A Quashed for Being Beyond Six-Month Limitation Period
    August 13, 2025 Case Laws SEBI
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    Penalty upheld under Section 271(1)(c) for bogus purchases; assessee must prove claims in income return
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    Retention Money Included in Contract Revenue Under Section 43CB and ICDS-III for AY 2017-18 Confirmed
    August 13, 2025 Case Laws Income Tax
    Reopening Assessment Under Section 147 Against Non-Earning Joint Owner Wife Quashed for AY 2021-22
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    Additions on unaccounted cash and interest deleted for lack of evidence under Income Tax Act, AY 2012-13 and 2015-16 upheld
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    ITAT Upholds Section 148 Reopening Notice Validity Within Section 149 Time Limit, Remands for Fresh Adjudication
    August 13, 2025 Case Laws SEBI
    Stock Broker Found Minor SEBI Violations Under Intermediaries Regs, No Penalties Imposed After Corrective Actions
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    Order freezing electronic credit ledger under Rule 86A quashed for lack of reasons; deposit required for unblocking
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    HC upholds GST levy on services to foreign universities under Section 74(9) of CGST Act, affirming independent adjudication
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    Income Tax

    Penalty u/s 271D - default of provisions of section 269SS -...

    Penalty u/s 271D Invalid Due to Lack of Recorded Satisfaction for Section 269SS Violation. Penalty Cannot Be Levied.

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    Income TaxAugust 31, 2019Case LawsAT

    Penalty u/s 271D - default of provisions of section 269SS - recording of satisfaction - since the assessment order as well as the order of the JCIT are devoid of any satisfaction regarding initiation of penalty proceedings u/s 271D - no penalty can be levied

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