Tuesday, February 16, 2021

HC stayed criminal proceedings as appeal preferred by assessee before tribunal was pending for adjudication

INCOME TAX : Where an application filed by assessee before Tribunal for restoration of its appeal which was dismissed by Tribunal for want of prosecution was allowed and appeal became pending, tax demand raised by department was not crystallized and impugned criminal proceedings under section 276C(2) initiated against assessee was to be stayed

from www.taxmann.com Latest Case Laws https://ift.tt/3udkPvk

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...