Minimum Public Offer Requirements set tiered issuer-based allotment minima with mandatory staged public shareholding increases and exchange enforcemen...
Disallowance under tax law for investment expenses cannot be applied mechanically; authority must record clear reasons before increasing assessee's su...
Failure to furnish the return did not sustain criminal prosecution under section 276CC where the tax due was only Rs. 1,750 and the case fell within the proviso's monetary threshold. The HC held that the Department's objection, based on the assessee being a company and the absence of a completed regular assessment at the time of complaint, could not override the facts of the case. The later assessment order and pending penalty proceedings did not justify continuation of the prosecution. The criminal complaint for non-filing of return for the assessment year 2013-2014 was quashed.
Failure to furnish the return did not sustain criminal prosecution under section 276CC where the tax due was only Rs. 1,750 and the case fell within the proviso's monetary threshold. The HC held that the Department's objection, based on the assessee being a company and the absence of a completed regular assessment at the time of complaint, could not override the facts of the case. The later assessment order and pending penalty proceedings did not justify continuation of the prosecution. The criminal complaint for non-filing of return for the assessment year 2013-2014 was quashed.
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