Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Government Urges Harsher Penalties for Economic Offences Under Income-tax Act; Calls for Stronger Prosecution Efforts.</h1> The government has expressed concern over lenient punishments for economic offences under the Income-tax Act. The Board identified reasons for this leniency, including inadequate evidence presented by the Department, prosecution counsels' satisfaction with convictions without emphasizing deterrent punishments, and courts accepting defense pleas for leniency due to existing monetary penalties. Some courts view imprisonment until the court rises as sufficient, and fines often exceed magistrates' limits. The Board emphasizes that tax offences are premeditated and serious, deserving severe penalties. Prosecution counsels should advocate for harsher punishments, and cases exceeding magistrates' powers should be escalated to higher courts.
TaxTMI 
TaxTMI 
