Minimum alternate tax exclusions for pre-amendment banking companies and expatriate Indian branch salaries remain outside head office expenditure limi...
Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Cognizance for the offence u/s 276C(1) - enquiry by the investigation wing - unusual credit of large amount through RTGS in bank account maintained by the petitioner and funds were debited for investment in the stock market - There is no requirement under the Act that the assessment proceedings should be completed before lunching prosecution. Respondent has rightly lodged the complaint as against the petitioner for the offences u/s 276C(1) of the Income Tax Act, 1961. - HC
Cognizance for the offence u/s 276C(1) - enquiry by the investigation wing - unusual credit of large amount through RTGS in bank account maintained by the petitioner and funds were debited for investment in the stock market - There is no requirement under the Act that the assessment proceedings should be completed before lunching prosecution. Respondent has rightly lodged the complaint as against the petitioner for the offences u/s 276C(1) of the Income Tax Act, 1961. - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
