Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
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Vicarious criminal liability under sections 276CC and 278B cannot be fastened on a former director who had resigned before the company's default period for non-filing of return arose. Form 32 and company master data showed that the director had ceased to hold office before the relevant assessment-year default, so the foundational requirement for prosecution was absent. The court therefore found no attributable offence against him, rejected reliance on compounding guidelines, and quashed the process and revisional order only as to that person while the prosecution continued against the remaining accused.
Vicarious criminal liability under sections 276CC and 278B cannot be fastened on a former director who had resigned before the company's default period for non-filing of return arose. Form 32 and company master data showed that the director had ceased to hold office before the relevant assessment-year default, so the foundational requirement for prosecution was absent. The court therefore found no attributable offence against him, rejected reliance on compounding guidelines, and quashed the process and revisional order only as to that person while the prosecution continued against the remaining accused.
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