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of <h1>Revised Tax Prosecution Rules: Mandatory Action on Major Fraud, Evasion; Exemptions for Seniors 70+. Effective May 2008.</h1> The circular from the Central Board of Direct Taxes outlines revised procedures for identifying and processing prosecution cases under Direct Tax Laws, effective from May 1, 2008. It mandates prosecution for specific tax offences, such as failure to pay deducted or collected taxes, wilful tax evasion, and falsification of accounts. Cases should be processed within specified timeframes, and individuals over 70 years old are generally exempt. Prosecution is obligatory in cases involving major fraud, anti-national activities, or large-scale income concealment. Compounding petitions must be resolved before filing prosecution complaints. The circular instructs regional officers to disseminate these procedures.
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