Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
An inadvertent failure to complete column 40 of Form 3CD, caused by a software error and unaccompanied by mala fide intent, may constitute reasonable cause under section 273B. The material explains that reasonable cause is assessed on the totality of circumstances; where established, an incomplete tax audit report does not sustain penalty. It highlights that the omission must be satisfactorily explained as unintentional rather than a deliberate failure to furnish required audit particulars.
An inadvertent failure to complete column 40 of Form 3CD, caused by a software error and unaccompanied by mala fide intent, may constitute reasonable cause under section 273B. The material explains that reasonable cause is assessed on the totality of circumstances; where established, an incomplete tax audit report does not sustain penalty. It highlights that the omission must be satisfactorily explained as unintentional rather than a deliberate failure to furnish required audit particulars.
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