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Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Section 276C(2) requires a deliberate, intentional and conscious attempt to evade payment of tax, penalty or interest; mere delay or non-payment without mens rea does not meet the requirement of a wilful attempt. The notes state that a prosecution complaint must identify specific acts demonstrating such intent and cannot rest on vague assertions. Requests for time after business closure, periodic payments with interest, and full discharge of the admitted liability before process were treated as indicating bona fides rather than evasion. They further state that criminal process must reflect the Magistrate's application of mind to the material facts and statutory ingredients; the complaint and process order were quashed for failure to disclose a prima facie offence.
Section 276C(2) requires a deliberate, intentional and conscious attempt to evade payment of tax, penalty or interest; mere delay or non-payment without mens rea does not meet the requirement of a wilful attempt. The notes state that a prosecution complaint must identify specific acts demonstrating such intent and cannot rest on vague assertions. Requests for time after business closure, periodic payments with interest, and full discharge of the admitted liability before process were treated as indicating bona fides rather than evasion. They further state that criminal process must reflect the Magistrate's application of mind to the material facts and statutory ingredients; the complaint and process order were quashed for failure to disclose a prima facie offence.
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