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Income Tax - Highlights / Catch Notes

Home Highlights October 2014 Year 2014 This

Disallowance of consent fee paid to SEBI - SEBI has accepted the ...


SEBI Consent Fee Not a Penalty, Acknowledges Potential Lack of Guilt in Appellate Proceedings.

October 31, 2014

Case Laws     Income Tax     AT

Disallowance of consent fee paid to SEBI - SEBI has accepted the position that guilt may or may not be established at the end of the appellate proceedings - The fee paid cannot therefore, be equated to a “penalty“ which must necessarily be a punishment for infraction of a law or a regulation having statutory force - AT

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