Case Law: Deepak Fertilizers and Petrochemicals Corporation Limited vs. ACIT (Bombay High Court)

276C Prosecution: If the Appeal is admitted on substantial questions of law, there is no justification for the DCIT to threaten the assessee with prosecution. Even if such prosecution is launched, the same shall not proceed till the pendency of the Appeal

Once we have admitted the Appeal on substantial questions of law, we do not think that there is any  justification for the Deputy Commissioner of Income Tax, Central Circle8( 1) to threaten the appellant/applicant with any prosecution. Even if such prosecution is launched, the same shall not proceed till the pendency of this Appeal Read the rest of this entry »

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