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Prosecution for Delayed Self-Assessment Tax Not Ground to Deny Vivad se Vishwas Relief
Case Law Details
- Case Name
- Macrotech Developers Limited Vs PCIT (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All High Courts, Bombay High Court
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Macrotech Developers Limited Vs PCIT (Bombay High Court)
The Bombay High Court examined the validity of Question No.73 of Circular No.21/2020-Income Tax dated 04.12.2020 issued under the Direct Tax Vivad se Vishwas Act, 2020 (“Vivad se Vishwas Act”).
The petitioner, a public limited company engaged in real estate development, had filed its return for Assessment Year (AY) 2015-16 and paid self-assessment tax, though part of it was paid after the due date. The Income Tax Department issued a show cause notice proposing prosecution under Section 276-C(2) of the Income Tax Act, 1961 for alleged...
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