ITSC cannot grant immunity from Penalty and Prosecution without True Disclosure u/s 254C of Income Tax Act: Delhi HC [Read Order]
The Court found that ITSC went on to grant immunity from the penalty and prosecution under Section 245H of the Act, which was contrary to the twin conditions stipulated
The Delhi High Court has held that ITSC cannot grant immunity from Penalty and Prosecution without True Disclosure under section 254C of Income Tax Act, 1961. The ITSC further went on to grant immunity from the penalty and prosecution under Section 245H of the Act, which was contrary to the twin conditions stipulated. Pankaj Buildwell Ltd…
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