Supreme Court Quashes Prosecution, Fines IT Department Rs 2 Lakh for Ignoring CBDT Circulars

Last updated: 01 September 2025

The Supreme Court has delivered a stern message to the Income Tax Department, quashing prosecution proceedings against assessee Vijay Krishnaswami and imposing a Rs 2 lakh cost on the Revenue for acting in "blatant disregard" of binding Central Board of Direct Taxes (CBDT) circulars. A bench of Jus

You have reached daily limit of 2 Free News. To view this or other News please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 2999/-

Offer Price : INR 1999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)
Attached File : 671907_25335_70932024_2025_08_28.pdf

CCI Pro

Category Income Tax   Report

Comment   Share
  37629 Views
Comments

Recent News :

  1. Fake Union Budget 2026-27 Leak on Telegram, PIB Fact Check Clarifies
  2. GSTN Revises Interest Calculation in GSTR-3B from January 2026
  3. Economic Survey 2025-26 Urges Income Tax & Customs Convergence on Related-Party Imports
  4. CBIC Issues Advisory on HSNS Cess Registration and Payment Process from 1st Feb 2026
  5. Economic Survey 2025-26: Indian Equity Markets Show Resilience Amid Global Uncertainty
  6. Budget 2026 Is First of Second Quarter of 21st Century, Says PM Modi
  7. IEPFA Proposes 30-Day Disposal for Low-Value Refund Claims
  8. Economic Survey 2026 Highlights MSMEs as Key Drivers of Manufacturing, Exports and Employment
  9. India's GDP Growth Estimated at 7.4% in FY26 Driven by Consumption and Investment
  10. Fiscal Deficit Targeted at 4.4% in FY26 as Revenue Deficit Hits 16-Year Low

More »


Popular News




CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Trending Online Classes

view all classess

Follow us
budget 26-27

Browse by Category