Minimum alternate tax exclusions for pre-amendment banking companies and expatriate Indian branch salaries remain outside head office expenditure limi...
Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
The HC dismissed the prayer for an interim stay and disposed of the petition by permitting the Petitioners to raise all permissible contentions before the Adjudicating Authority, including an application for deferment of the adjudication of the show-cause notice. The HC declined to adjudicate the allegation of delayed adjudication, directing that the Adjudicating Authority consider submissions and cited authorities relied upon by the Petitioners. The Petitioners are at liberty to seek deferment of proceedings in light of a related matter pending before the SC; no definitive determination was made on time-limitation grounds and the Adjudicating Authority shall proceed consistent with this direction.
The HC dismissed the prayer for an interim stay and disposed of the petition by permitting the Petitioners to raise all permissible contentions before the Adjudicating Authority, including an application for deferment of the adjudication of the show-cause notice. The HC declined to adjudicate the allegation of delayed adjudication, directing that the Adjudicating Authority consider submissions and cited authorities relied upon by the Petitioners. The Petitioners are at liberty to seek deferment of proceedings in light of a related matter pending before the SC; no definitive determination was made on time-limitation grounds and the Adjudicating Authority shall proceed consistent with this direction.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
