Supreme Court Fines Income Tax Dept ₹2 Lakh for “Blatant Disregard” of Rules
Supreme Court Quashes Tax Prosecution, Fines Income Tax Department ₹2 Lakh In a significant ruling, the Supreme Court of India quashed a tax prosecution and imposed a fine of ₹2 lakh on the Income Tax Department. The Court found that the department acted in “blatant disregard” of its own statutory instructions, specifically a series of … Read more