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“SUPREME COURT GIVES RELIEF TO TAXPAYERS” -PRINCIPAL COMMISSIONER OF INCOME TAX VS. ABHISAR BUILDWELL P. LTD

Income Tax, overview, Taxation

“SUPREME COURT GIVES RELIEF TO TAXPAYERS” -PRINCIPAL COMMISSIONER OF INCOME TAX VS. ABHISAR BUILDWELL P. LTD

April 28, 2023majestylegal#CBDT, #IncomeTax, #ReopeningofAssessment, #Search, #SupremeCourt

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STEP FORWARD! We represented this matter wherein Hon’ble Court acknowledged critical legal issues: whether demand can stand without a defined methodology under the Excise Act and whether penalty under Rule 26(1) was justified. Further scheduled for final hearing

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