Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
The SC dismissed the petition challenging the HC's order quashing proceedings under sections 276B read with 278AA of the Income Tax Act against appellants operating an educational institution for delayed TDS remittance. The HC found the delay was inadvertent, caused by staff maternity leave, and promptly rectified by subsequent timely deduction and payment. The Court affirmed the HC's exercise of discretion to quash proceedings based on the appellants' conduct, holding no reason to interfere under Article 136. The SC left open any question of law and dismissed the petition with pending applications.
The SC dismissed the petition challenging the HC's order quashing proceedings under sections 276B read with 278AA of the Income Tax Act against appellants operating an educational institution for delayed TDS remittance. The HC found the delay was inadvertent, caused by staff maternity leave, and promptly rectified by subsequent timely deduction and payment. The Court affirmed the HC's exercise of discretion to quash proceedings based on the appellants' conduct, holding no reason to interfere under Article 136. The SC left open any question of law and dismissed the petition with pending applications.
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