Day: November 18, 2017

Voluntary disclosure in all cases cannot absolve liability of concealment penalty u/s 271(1)(c) – High court

Voluntary disclosure in all cases cannot absolve liability of concealment penalty. High Court confirmed penalty u/s 271(1)(c) for deferral/avoidance of tax. Willful concealment is not an essential ingredient for attracting civil liability as is the case in the matter of prosecution under section 276C – High Court ABCAUS Case …

Updated Harmonized Master List of Infrastructure Sub-sectors notified

Updated Harmonized Master List of Infrastructure Sub-sectors notified MINISTRY OF FINANCE (Department of Economic Affairs) (INFRASTRUCTURE POLICY AND PROGRAMME SECTION) NOTIFICATION New Delhi, the 14th November, 2017 F. No. 13/1/2017-INF.—With the approval of the Competent Authority, an updated Harmonized Master List of Infrastructure Sub-sectors (Annexure-I) is hereby notified. …