Blocked input tax credit for resort construction remains unavailable; interest follows actual utilisation, while delayed payment attracts statutory pe...
Duplicate PAN allocation requires record verification and deactivation reasons before assessment-related transactions can be attributed to an assessee...
Faceless assessment safeguards require requested personal hearings and adequate final show-cause response time, failing which reassessment is required...
The High Court dismissed the criminal revision petition filed by the petitioner against the conviction u/s 277 of the Income Tax Act, 1961. The court upheld the concurrent findings of the lower courts convicting the petitioner for furnishing a false statement knowingly or with reason to believe it to be false. The court held that the prosecution had proved the foundational facts, and the petitioner failed to dislodge the presumption of 'culpable mental state' u/s 278E beyond reasonable doubt. The court found no perversity or illegality in the impugned judgments of conviction and sentence, and the revision petition was dismissed.
The High Court dismissed the criminal revision petition filed by the petitioner against the conviction u/s 277 of the Income Tax Act, 1961. The court upheld the concurrent findings of the lower courts convicting the petitioner for furnishing a false statement knowingly or with reason to believe it to be false. The court held that the prosecution had proved the foundational facts, and the petitioner failed to dislodge the presumption of 'culpable mental state' u/s 278E beyond reasonable doubt. The court found no perversity or illegality in the impugned judgments of conviction and sentence, and the revision petition was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
