Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Income Tax Dept. Launched Evasion Prosecution Flouting CBDT Circulars: Supreme Court Slaps ₹2 Lakh...
The Supreme Court has slapped a ₹2 lakh fine on the Income Tax Department for launching an "evasion prosecution" that was "flouting CBDT circulars." The court's decision, which is a significant victory for the company, was made on the grounds that the company's claim was not supported by evidence. The ruling clarifies that a tax authority can't add a tax to a company's account without a valid reason.