Monday, January 23, 2017

Apex Court dismissed writ against PMGKY scheme

Facts:

a) Petitioner has challenged the PMGKY scheme and it argued that there should not be any provision for penalty and surcharge, withholding of income under PMGKY scheme. 

The Apex Court held as under:

i) This Court could not enter into or encroach upon the policy making arena and suggest a dismissed - [2017] 77 taxmann.com 51 (SC)
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