Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4780
Join Channel
TaxTMI 
