Case Law Details
Case Name : Macrotech Developers Limited Vs PCIT (Bombay High Court)
Related Assessment Year :
Courts :
All High Courts Bombay High Court
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Macrotech Developers Limited Vs PCIT (Bombay High Court)
In so far the prosecution against the petitioner is concerned, the same has been initiated under section 276-C(2) of the Act because of the delayed payment of the balance amount of the self-assessment tax. Such delayed payment cannot be construed to be a tax arrear within the meaning of section 2(1)(o) of the Act. Therefore such a prosecution cannot be said to be in respect of tax arrear. Because such a prosecution is pending which is relatable to the assessment year 2015-16, it would be in comple
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