No prosecution proceedings against directors as Co. paid 80% of tax dues prior to filing of complaint: Gujarat HC

INCOME TAX : Where accused-company had voluntarily declared its intention to pay tax and 80% of tax was paid prior to filing of complaint for offence punishable under section 276C(2) and accused-company had stated reasons for delay and expressed readiness to pay balance of tax due, complaint filed against directors of accused-company for offence punishable under section 276C(2), read with section 278E, were to be quashed and set asideINCOME TAX : Where accused-company had voluntarily declared its intention to pay tax and 80% of tax was paid prior to filing of complaint for offence punishable under section 276C(2) and accused-company had stated reasons for delay and expressed readiness to pay balance of tax due, complaint filed against directors of accused-company for offence punishable under section 276C(2), read with section 278E, were to be quashed and set asidewww.taxmann.com Latest Case LawsRead More

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