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...
The High Court quashed the assessment order passed u/s 147 read with Sections 144 and 144B, as well as the consequential notices u/ss 156 and 274 read with 271AA(1) of the Income Tax Act. The court held that the petitioner had complied with the requirements of the Income Declaration Scheme, 2016 (IDS) by making a declaration and depositing the appropriate tax amount. Consequently, the petitioner was entitled to the benefits under the IDS. The court directed the respondents to issue an appropriate certificate of tax deposit under the IDS to the petitioner within four weeks.
The High Court quashed the assessment order passed u/s 147 read with Sections 144 and 144B, as well as the consequential notices u/ss 156 and 274 read with 271AA(1) of the Income Tax Act. The court held that the petitioner had complied with the requirements of the Income Declaration Scheme, 2016 (IDS) by making a declaration and depositing the appropriate tax amount. Consequently, the petitioner was entitled to the benefits under the IDS. The court directed the respondents to issue an appropriate certificate of tax deposit under the IDS to the petitioner within four weeks.
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