Penalty u/s 271(1)(c) - exemption u/s 10(4)(ii) - the assessee ...

No Penalty Imposed: Taxpayer's Genuine Belief on 'Resident Outside India' Status Accepted u/s 271(1)(c) and 10(4)(ii.

August 29, 2019

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - exemption u/s 10(4)(ii) - the assessee was under bonafide impression that she is a ‘person resident outside India’ as defined under FEMA - the explanation furnished by the assessee in not disclosing the interest income in the return appears to be quite genuine, bonafide and acceptable - no penalty

View Source

← Previous Next →

Penalty u/s 271(1)(c) - exemption u/s 10(4)(ii) - the assessee ...

No Penalty Imposed: Taxpayer's Genuine Belief on 'Resident Outside India' Status Accepted u/s 271(1)(c) and 10(4)(ii.

August 29, 2019

Case Laws Income Tax AT

You may also like:

The commission has been paid to non-resident outside India for services rendered outside India - where the non-resident agent operates outside India, no part of his...

TDS u/s 195 not deducted on payment to Everest Global Inc. for software training services as source of income located outside India and payment made for services outside...

Income accrued in India - Status of Non Resident - Determinative test for the status of Non Resident being number of days of stay in India and in assessee's case in...

Where not only the bonds were raised outside India, but the interest payments were also made to non-residents outside India from a bank account held by the assessee...

Prohibited activities for investment by a person resident outside India - FDI - FEMA - New Regulations

Investment in Depository receipts by a person resident outside India - FEMA - New Regulations

Investment by a person resident outside India in an Investment Vehicle - FEMA - New Regulations

Permission to a person resident outside India to enter into exchange traded currency derivatives

Residence in India - Residential status - Status of the assessee as “Resident” of India - calculation of days of stay in India - inclusion of date of arrival in counting...

The ITAT dismissed Revenue's appeal, holding that penalty under s.271G for failure to furnish transfer pricing documentation cannot be levied against the German resident...

All the evidences establish that assessee was non-resident and earned salary outside India which was received by him outside India and therefore was not taxable in India - AT

Non-discharge of service tax - extended period invoked, service tax demanded - penalties imposed u/ss 77 and 78 of Finance Act, 1994 - appellant providing taxable...

The appellant provided steamer agent and cargo handling agency services, which involved segregation, internal shifting of timber logs, and sending progress reports to...

Income accrues or arises in India - services to MTR foods Private Limited who is located outside India - Secondment charges paid in respect of the professional services...

Determination of residential status of assessee - Relaxation of period of 60 days as per section 6(1)(a) to 182 days when employment is taken outside India as per clause...

Quick Updates: