Delhi High Court once again Adjourned the Tax Audit Deferment Case to Monday
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Delhi High Court once again Adjourned the Tax Audit Deferment case to Monday in the case of Mahesh Kumar And Company Vs. Union Of India & Anr. – W.P.(C) 5990/2014 (Delhi High Court)
CBDT Lawyer told the CBDT the Govt will suffer a loss of Rs.15K Crore if Date extended to 30th Novt. Govt had Budgeted plan for its revenue swiss replica watches and Fund Flow had Create problem for the Govt Revenue and its Budgeted Loss.
Court also asked the CBDT Lawyer why don't CBDT defer the New TAR form to Next Year, Starting sale replica watches from 1st April & why from this Year.
Court also Directs CBDT to file affidavit regarding non leviability of Penalty U/s. 271(1)(c) in case assessee revises replica rolex watches uk returns filed on or before 30.09.2014.
Similar hearing are going on today in the Gujrat High Court for Tax Audit Report Deferment. in the case of Rajni Mangaldas Shah V/S Central Board Of Direct Taxes (Gujrat High Court), SCA/12571/2014.
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