Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
Prosecution u/s 276C (2) - petitioners had delayed to pay self-assessment tax - The High Court held that delayed payment of income tax does not amount to tax evasion if the tax is eventually paid. In this case, since the tax and interest were paid prior to the issuance of the show cause notice, the court found that there was no evasion of tax. Consequently, the court allowed the petition and quashed the Complaint and all subsequent proceedings arising from them.
Prosecution u/s 276C (2) - petitioners had delayed to pay self-assessment tax - The High Court held that delayed payment of income tax does not amount to tax evasion if the tax is eventually paid. In this case, since the tax and interest were paid prior to the issuance of the show cause notice, the court found that there was no evasion of tax. Consequently, the court allowed the petition and quashed the Complaint and all subsequent proceedings arising from them.
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