COURT: | Bombay High Court |
CORAM: | B. P. Colabawalla J, S. C. Dharmadhikari J |
SECTION(S): | 276C |
GENRE: | Domestic Tax |
CATCH WORDS: | Bogus purchases, Bogus Sales, stay of prosection proceedings |
COUNSEL: | Naresh Jain |
DATE: | September 4, 2018 (Date of pronouncement) |
DATE: | September 15, 2018 (Date of publication) |
AY: | 2014-15 |
FILE: | Click here to view full post with file download link |
CITATION: | |
S. 276(C)(1) Prosecution for bogus transaction: If a stay application is filed before the CIT(A) to seek a stay of the assessment order, during the pendency of such application, the criminal prosecution should not be launched and, if it has been already launched, the same shall not proceed |
In the event, the petitioner seeks a stay of the order passed by the Assessment Officer by making a stay application, then, during the pendency of such application, the criminal prosecution should not be launched and, if it has been already launched, the same shall not proceed. Thus, the ad interim stay granted by this Court would continue till the disposal of the application for stay by the First Appellate Authority
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