Today (March 22) The Delhi High Court dismissed three INC petitions contesting tax reassessment by the IT Department. The Division Bench addressed all arguments but one about the timing of reassessment initiation. Congress can present its case before the March 31 deadline. The dispute arose when the IT Department froze four bank accounts, demanding Rs 210 crores.
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The Delhi High Court on Wednesday has set a precedent regarding the prosecution for non-compliance with Tax Deducted at Source (TDS) regulations, emphasizing the necessity of establishing an administrative connection for such actions against corporate office holders. The bench, comprising Justice Yashwant Varma and Justice Purushaindra Kumar, underscored that mere possession of a title within […]
