SC to hear PWC penalty plea on Dec 9

A Bench headed by Justice S H Kapadia has posted the matter for the hearing on December 9. PWC had challenged the Calcutta High Court’s judgement that held that the firm had failed to furnish its true and correct particulars of accounts while filing the returns.

The High Court had also upheld the penalty imposed by the authorities at 100 per cent of the tax alleged to have been evaded.