Income Tax : This document provides a complete reference on compounding of offences, including application procedures, offence-wise charges, re...
Income Tax : The FAQs explain the revised CBDT guidelines on compounding offences under the Income-tax Act effective from 17 October 2024. They...
Income Tax : The FAQs explain the prosecution provisions under the Income-tax Act, covering offences such as tax evasion, non-payment of TDS/TC...
Income Tax : Stay updated with the latest TDS compliance under Section 192 of the I.T. Act, emphasizing the importance of Form 12BB for employe...
Income Tax : Delve into Section 276B of the Income Tax Act and its implications. Discover the nuances of the recent Supreme Court ruling in Dev...
Income Tax : India decriminalizes minor direct tax offenses to ease compliance. New measures include litigation management, compounding guideli...
Income Tax : From October 2024, Section 276B of the Income-tax Act will exempt individuals from prosecution for timely payment of deducted tax....
Income Tax : The Supreme Court dismissed the SLP against the Jharkhand High Court's decision quashing prosecution under Sections 276B and 278B....
Income Tax : Although the applicants highlighted the prolonged pendency of the case, the Court found that factual and legal issues remained to ...
Income Tax : The High Court set aside the discharge of a company director in proceedings under Section 276B, holding that the Trial Court’s f...
Income Tax : The issue concerned whether failure to deduct TDS on foreign commission warranted disallowance. The Tribunal held that Section 195...
Income Tax : The High Court held that criminal prosecution for delayed TDS payment cannot survive where sanction is granted mechanically withou...
Delhi High Court restored conviction of Great Indian Nautanki Co. Pvt. Ltd. for delayed TDS deposit but replaced ₹25 lakh fine with admonition, calling it a technical offence.
Bombay HC clarified Section 276C(2), holding that mere failure to pay self-assessment tax is not willful evasion, quashing prosecution after tax was paid belatedly.
The Delhi High Court clarifies the interpretation of CBDT’s compounding guidelines, ruling that an assessee cannot be charged a higher fee of 5% on a second application if the first was merely rejected and the offence was never compounded.
Patna High Court dismisses prosecution against Sonali Autos for delayed TDS deposit, citing reasonable cause and compliance with CBDT instructions.
Held that wherever a company is required to deduct tax at source and to pay it to the account of the Central Government, failure on the part of the company in deducting or in paying such amount is an offence under the Act and has been made punishable.
Orissa HC quashes criminal proceedings against Metaliks Ltd for delayed TDS deposit, citing financial distress and COVID-19 impact as mitigating factors.
ITAT Hyderabad rules in favor of Karimnagar DCCB, granting immunity from penalty under Section 270AA. The appeal challenges tax penalty imposed by the AO.
Orissa High Court quashes TDS prosecution against Yash Marothia, citing delays due to COVID-19 and prior judicial precedent in similar cases.
Orissa HC examines TDS prosecution in D.N. Homes case, focusing on COVID-19 delays and reasonable cause under Section 278AA of the Income Tax Act.
India decriminalizes minor direct tax offenses to ease compliance. New measures include litigation management, compounding guidelines, and dispute resolution.
