NCLAT: IRP Has Authority to Take Possession of Assets Owned by Corporate Debtor  ||  NCLAT: NCLT Can Direct Forwarding a Copy of its Order to Relevant Statutory Authorities  ||  Delhi HC: Centre to Expedite Process of Accessibility Features in OTT platforms for PwDs  ||  Delhi HC: Once Worker Provides Testimony Under Oath ‘Burden of Proof’ Shifts on Employer  ||  SC: There Cannot be Discrimination in Matter of Payment of Pension to Retired Judges  ||  SC: India is Not a Dharamshala that Can Entertain Foreign Nationals from All Over  ||  SC: Can Quash Domestic Violence Act Complaints Under Section 482 of CrPC  ||  Supreme Court: Can’t Use Statement of One Accused against Another  ||  SC: Inclusion of Name in Draft NRC Cannot Annul Foreigners Tribunal’s Declaration as Non-Citizen  ||  Supreme Court: Minimum Practice of 3 Years Mandatory to Enter Judicial Service    

Delhi High Court Holds That Assessee Is Eligible For Immunity and Tax Payer Should Be Incentivised - (01 Apr 2022)

DIRECT TAXATION

Delhi High Court has ruled that the action of income tax authorities to deny the benefit of immunity from penalty under Section 270AA of Income Tax Act, 1961 to the assessee on grounds that penalty initiated under Section 270A for misreporting of income is arbitrary since the authorities failed to specify the limb under which the penalty proceedings were initiated.

Tags : DELHI HIGH COURT   SECTION 270AA OF INCOME TAX ACT   1961   SECTION 270A   TAX PAYER  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved