Dependent Agent PE unresolved for lack of factual inquiry; arm's-length distribution accepted; royalty claim rejected; 15% refund interest (Section 24...
Exemption under s.10(23C)(iiiad) upheld; appeal allowed, interest and dividends excluded from annual receipts, disallowance deleted, capital gains exe...
HC held that prosecution under s.276C(2) could not be sustained for mere delay in depositing self-assessment tax where the assessee subsequently paid the tax and pleaded bona fide financial difficulty. The court distinguished "failure" from "willful evasion," noting s.276C(2) requires willful evasion of tax, not mere non-payment, and observations from cases addressing deliberate evasion are inapplicable absent similar facts. The complaint did not prima facie establish willfulness; allegations fell short to rebut the assessee's plea of financial hardship. The Department bears the onus to negativate those difficulties; the statutory presumption of culpability arises only after the foundational ingredients are prima facie proved.
HC held that prosecution under s.276C(2) could not be sustained for mere delay in depositing self-assessment tax where the assessee subsequently paid the tax and pleaded bona fide financial difficulty. The court distinguished "failure" from "willful evasion," noting s.276C(2) requires willful evasion of tax, not mere non-payment, and observations from cases addressing deliberate evasion are inapplicable absent similar facts. The complaint did not prima facie establish willfulness; allegations fell short to rebut the assessee's plea of financial hardship. The Department bears the onus to negativate those difficulties; the statutory presumption of culpability arises only after the foundational ingredients are prima facie proved.
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