CCI slaps penalty at rate of 1% of income on officials of pharma-co. for delay in submitting ITRs

Competition Act: Where individuals who were incharge of pharmaceutical companies filed their ITRs before CCI belatedly, but tendered apology and reasons for delay, penalties were to be imposed at rate of 1 per cent of their respective incomes based on their income tax returns (ITRs) for three years

from www.taxmann.com Latest Case Laws https://ift.tt/2Ba3o5j