Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Calcutta High Court: Penalty Upheld for Business Income Concealment, Reassessing Capital Gains Penalty</h1> The HC of Calcutta upheld the penalty for concealing business income but not for capital gains, directing the Tribunal to reassess the penalty on capital ... Penalty The High Court of Calcutta considered a case involving penalty imposition on an individual for concealing income from a business and capital gains. The Tribunal upheld the inclusion of business income but remanded the decision on capital gains. The Court found the penalty justified for the business income but not for capital gains. The Tribunal was directed to reconsider the penalty on capital gains after the quantum appeal is resolved.