Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
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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