https://www.taxtmi.com/caselaws?id=424086 Criminal prosecution for alleged non-disclosure of political contribution under the Companies Act was found unwarranted where the company had recorded the contribution in its accounts, referred to it in its income tax return, and replied to the show-cause notice. The court treated the absence of a specific disclosure column in the prescribed format as, at most, an irregularity and found no material showing intentional suppression. On that basis, the complaint and cognizance order were held to be an abuse of process and were quashed. en-us Wed, 06 Apr 2022 00:00:00 +0530 Wed, 22 Jun 2022 08:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424086 Criminal prosecution for alleged non-disclosure of political contribution under the Companies Act was found unwarranted where the company had recorded the contribution in its accounts, referred to it in its income tax return, and replied to the show-cause notice. The court treated the absence of a specific disclosure column in the prescribed format as, at most, an irregularity and found no material showing intentional suppression. On that basis, the complaint and cognizance order were held to be an abuse of process and were quashed. Case-Laws Companies Law Wed, 06 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424086